Aerojet Rocketdyne Holdings

Aerojet Rocketdyne Holdings, Inc. engages in providing solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace & Defense, and Real Estate. The Aerospace & Defense segment operates through the Aerojet Rocketdyne, Inc. in developing and manufacturing of aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector. The Real Estate segment operates through Easton Development Company, LLC in re-zoning, entitlement, sale, and leasing of excess real estate assets. The company was founded by William O'Neil on September 29, 1915 and is headquartered in El Segundo, CA.

Earnings data Q1 2024

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Aerojet Rocketdyne Holdings, Inc. engages in provision of solutions in the field of aerospace and defense, as well as in the field of real estate. It operates through the following business segments: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment operates through Aerojet Rocketdyne, Inc. in developing and manufacturing aerospace and defense products and systems for the United States government, the National Aeronautics and Space Administration, major aerospace and defense prime contractors as well as portions of the commercial sector. The Real Estate segment includes Easton Development Company, LLC in re-zoning, entitlement, sale, and leasing of excess real estate assets. The company was founded on September 29, 1915 and is headquartered in El Segundo, CA.

REDMOND, Wash., April 19, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne recently received a $67 million contract award from Lockheed Martin to provide propulsion systems for the Orion spacecraft that are planned to launch on Artemis missions VI-VIII.

Aerojet Rocketdyne to Provide Propulsion for Three Additional Orion Spacecraft

LOS ANGELES, April 18, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne recently completed the four RS-25 engines that will power the core stage of NASA's super heavy-lift Space Launch System (SLS) rocket during the historic Artemis III mission. Slated for launch around the middle of the decade, Artemis III is a planned lunar landing mission that will return humans to the surface of the Moon for the first time in more than 50 years.

Aerojet Rocketdyne Delivers Propulsion for Artemis III Mission

AJRD signs a $215.6 million cooperative agreement with the Department of Defense to augment rocket propulsion manufacturing capacity.

AJRD Inks $215.6M Contract to Boost Manufacturing Capacity

HUNTSVILLE, Ala., April 14, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has entered into a $215.6 million Cooperative Agreement with the Defense Department to increase domestic rocket propulsion manufacturing capacity to meet increased warfighter demand for tactical missile systems used by the Department of Defense (DoD).

Aerojet Rocketdyne Awarded $215.6M to Supplement Ongoing Modernization Efforts and Increase Solid Rocket Motor Manufacturing Capacity

HUNTSVILLE, Ala., March 27, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has been awarded a new contract by Lockheed Martin to produce additional solid rocket motors and Divert and Attitude Control Systems (DACS) for the Terminal High Altitude Area Defense (THAAD) weapon system for the Missile Defense Agency. The contract includes interceptor propulsion for U.S. government lots 13/14 as well as Foreign Military Sales. THAAD is one of the nation's primary defenses against short, medium and intermediate-range missiles.

Aerojet Rocketdyne Selected by Lockheed Martin to Power Additional THAAD Interceptors

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HUNTSVILLE, Ala., March 23, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne continues to improve its processes to deliver advanced solid rocket motors to Lockheed Martin to power the Army's Guided Multiple Launch Rocket System (GMLRS).

Aerojet Rocketdyne Streamlines Process to Increase GMLRS Rocket Motor Production

I expect the deal to close, as it aligns with the US DoD objectives. The delay caused by the FTC's request for additional information should not have significant impacts.

Aerojet Rocketdyne: Expect The L3Harris Deal To Close

MELBOURNE, Fla.--(BUSINESS WIRE)--Today Aerojet Rocketdyne (NYSE: AJRD) shareholders overwhelmingly approved all necessary proposals to complete L3Harris Technologies' (NYSE: LHX) acquisition of the company.

L3Harris Statement on Aerojet Rocketdyne Shareholder Vote

EL SEGUNDO, Calif., March 16, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (or the “Company”) announced that at a special meeting held today, its stockholders voted to approve the Company's proposed acquisition by L3Harris Technologies (NYSE: LHX). 99.7% of votes cast were in favor of the transaction.

Aerojet Rocketdyne Stockholders Approve Proposed Acquisition by L3Harris

HUNTSVILLE, Ala., Feb. 27, 2023 (GLOBE NEWSWIRE) -- As company investments enable significant increases in production, Aerojet Rocketdyne has now delivered the 830,000th Attitude Control Motor (ACM) for Patriot missile system variants, including the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE).

Aerojet Rocketdyne Delivers 830,000th Attitude Control Motor for Patriot Missile as Investments Enable 40% Increase in Production

Aerojet Rocketdyne stock has around 3% upside left. I believe opposition to the merger with L3Harris Technologies is not justified or supported by the reality of the business strengths of the companies.

Aerojet Rocketdyne Stock: Time To Sell?

HUNTSVILLE, Ala., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has begun hiring for its third campus in the Huntsville, Alabama area, a massive 379,000 sq. ft. manufacturing facility the company announced last fall, enabling the company to increase manufacturing capacity for the nation's defense production needs.

Aerojet Rocketdyne Begins Hiring for its New State-of-the-Art Manufacturing Facility in Huntsville

HUNTSVILLE, Ala., Feb. 22, 2023 (GLOBE NEWSWIRE) -- In partnership with the Defense Advanced Research Projects Agency (DARPA), Air Force Research Laboratory (AFRL) and Lockheed Martin team, an advanced Aerojet Rocketdyne scramjet engine powered the recent flight (announced Jan. 30) of the Hypersonic Air-breathing Weapon Concept (HAWC). This is the second successful flight test for this team.

Aerojet Rocketdyne's Advanced Scramjet Engine Powers Hypersonic Vehicle Flight in Partnership with DARPA, AFRL, Lockheed Martin

Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of -48.33% and 5.30%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Aerojet Rocketdyne Holdings (AJRD) Q4 Earnings Lag Estimates

Record fourth quarter and annual sales of $648 million and $2,238 million, respectively Record fourth quarter and annual sales of $648 million and $2,238 million, respectively

Aerojet Rocketdyne Holdings, Inc. Reports 2022 Fourth Quarter and Annual Results

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) to L3Harris Technologies (NYSE: LHX). Under the terms of the proposed transaction, shareholders of Aerojet will receive only $58.00 in cash for each share of Aerojet that they own.

AEROJET ROCKETDYNE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Aerojet Rocketdyne Holdings, Inc. - AJRD

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DARPA's Latest HAWC Flight Test Demonstrates Mature, Affordable Hypersonic Systems Design and Manufacturing Techniques PALMDALE, Calif. , Jan. 30, 2023 /PRNewswire/ -- The Defense Advanced Research Projects Agency (DARPA), Air Force Research Lab (AFRL), Lockheed Martin (NYSE: LMT) and Aerojet Rocketdyne (NYSE: AJRD) team accomplished their primary objectives during its second Hypersonic Air-breathing Weapon Concept (HAWC) flight test doubling the amount of scramjet powered vehicle data.

DARPA, AFRL, Lockheed Martin and Aerojet Rocketdyne Team's Second Hypersonic Air-breathing Weapon Concept Launched from B-52 Accomplishes All Test Objectives

Aerojet Rocketdyne needs a partner to remain competitive in the rocket-engine business. L3Harris is one player that can pass muster with federal regulators.

Five Reasons An L3Harris Merger With Aerojet Will Not Face The Obstacles Lockheed Martin's Bid Did

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New York, New York--(Newsfile Corp. - December 27, 2022) - Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD), relating to its proposed acquisition by L3Harris Technologies, Inc.

EQUITY ALERT: The M&A Class Action Firm Announces the Investigation of Aerojet Rocketdyne Holdings, Inc. - AJRD

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Strategic discipline and tightly-focused engineering expertise have helped keep Aerojet Rocketdyne Holdings Inc. ( AJRD , Financial) aloft over the turbulent course of 2022. The rocket maker has built a solid niche for itself, one it has sustained despite the presence of the far larger companies that dominate the aerospace and defense industry.

News for Aerojet Rocketdyne Holdings Stock (AJRD)