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.

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EL SEGUNDO, Calif., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. today announced that Acting General Counsel Joseph E. Chontos has been selected for promotion to Vice President and appointment as General Counsel and Corporate Secretary on September 8, 2022.

Aerojet Rocketdyne Holdings, Inc. Welcomes New General Counsel

EL SEGUNDO, Calif., Aug. 26, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) today announced that it will participate in the Gabelli Funds 28th Annual Aerospace & Defense Symposium being held on September 8, 2022.

Aerojet Rocketdyne Holdings, Inc. to Participate in the Gabelli Funds 28th Annual Aerospace & Defense Symposium on September 8

Source: Shutterstock Aerojet Rocketdyne (NYSE: AJRD ) stock is receiving some additional attention today on news that Elliott Investment Management recently purchased substantial equity in the rocket maker. Elliott now owns a 3.7% stake in AJRD stock, adding to the fund's rolodex of acquisition interests.

Can Elliott Management Save Aerojet Rocketdyne (AJRD) Stock?

ORLANDO, Fla., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has officially opened its Center of Excellence for Undersea Propulsion to support the U.S. Navy's next generation torpedoes. The first of its kind in the nation for industry, the facility will be used to produce the innovative undersea propulsion known as Stored Chemical Energy Propulsion System (SCEPS) and the entire torpedo afterbody.

Aerojet Rocketdyne Opens Industry's First SCEPS Manufacturing Facility for Next Generation Torpedo Propulsion

LOS ANGELES, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne successfully demonstrated an Integrated System Test Bed (ISTB) that was designed and fabricated to test advanced liquid rocket engine thrusters and system components. The demonstration was independently funded by the company and conducted at the Air Force Research Laboratory test facilities at Edwards Air Force Base, California.

Aerojet Rocketdyne Successfully Demonstrates Integrated System Test Bed for Advanced Defense Propulsion

HUNTSVILLE, Ala., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has delivered the 800th Solid Rocket Boost Motor and the 800th Divert and Attitude Control System (DACS) for the Terminal High Altitude Area Defense (THAAD) weapon system, one of the nation's primary defenses against short, medium and intermediate-range missiles.

Aerojet Rocketdyne Delivers THAAD's 800th Boost Motor and Divert and Attitude Control System

Aerojet Rocketdyne missed expectations on sales and earnings. Unfavorable adjustments driven by investments for the future drove the earnings miss.

Aerojet Rocketdyne Stock Tumbles On Earnings Miss

CAMDEN, Ark., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne's Camden, Arkansas, site has opened a new facility to integrate solid rocket motor manufacturing activities, improving operational efficiency, increasing production capacity, reducing costs, and providing for even safer operations.

New Aerojet Rocketdyne Facility Consolidates Solid Rocket Motor Manufacturing to Increase Efficiency and Capacity

JONESBOROUGH, Tenn., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Following a major 2021 milestone of delivering its eight millionth M67 hand grenade body assembly, Aerojet Rocketdyne's specialty metal provider, Aerojet Ordnance Tennessee (AOT), has been awarded a five-year contract by Day & Zimmermann (D&Z) to deliver additional assemblies for the U.S. Army.

Aerojet Ordnance Tennessee to Deliver Additional M67 Hand Grenade Body Assemblies

Aerojet Rocketdyne's (AJRD) quarterly sales of $528.5 million decline 5.1% from the year-ago quarter and also miss the Zacks Consensus Estimate by 7.3%

Aerojet Rocketdyne (AJRD) Q2 Earnings Miss Estimates, Fall Y/Y

EL SEGUNDO, Calif., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) announced today that it will participate in the Jefferies 2022 Industrials Conference being held on August 9, 2022.

Aerojet Rocketdyne Holdings, Inc. to Participate in Jefferies 2022 Industrials Conference on August 9

Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD ) Q2 2022 Earnings Conference Call August 1, 2022 8:30 AM ET Company Participants Kelly Anderson – Vice President of Investor Relations Eileen Drake – Chief Executive Officer and President Dan Boehle – Chief Financial Officer Conference Call Participants Greg Konrad – Jefferies Seth Seifman – JPMorgan Michael Ciarmoli – Truist Securities Operator Hello and welcome to the Aerojet Rocketdyne's Second Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode.

Aerojet Rocketdyne Holdings, Inc's (AJRD) CEO Eileen Drake on Q2 2022 Results - Earnings Call Transcript

Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of -57.45% and 7.35%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Aerojet Rocketdyne Holdings (AJRD) Lags Q2 Earnings and Revenue Estimates

$6.9 billion backlog greater than 3x annual sales $6.9 billion backlog greater than 3x annual sales

Aerojet Rocketdyne Holdings, Inc. Reports 2022 Second Quarter Results

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Aerojet Rocketdyne (AJRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Aerojet Rocketdyne Holdings (AJRD) Q2 Earnings Expected to Decline

EL SEGUNDO, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (the “Company”) today announced that it will report its second quarter 2022 earnings results on Monday, August 1, 2022. The Company will also host a conference call and webcast that morning at 8:30 a.m. EDT / 5:30 a.m. PDT. Eileen P. Drake, Chief Executive Officer and President, and Dan Boehle, Chief Financial Officer, will host the call to discuss second quarter 2022 financial results and answer questions.

Aerojet Rocketdyne Holdings, Inc. Announces Release Date for Second Quarter 2022 Earnings Results and Webcast

EL SEGUNDO, Calif., July 15, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) announced today that it has issued a notice of redemption to redeem all of its outstanding 2.25% Convertible Senior Notes due 2023 (CUSIP Number 007800 AB1) (the “Notes”) on the redemption date of September 19, 2022. As of July 15, 2022, approximately $145.9 million principal amount of the Notes was outstanding. On July 14, 2022, the closing price of the common stock, as reported on the New York Stock Exchange, was $39.11.

Aerojet Rocketdyne to Redeem 2.25% Convertible Senior Notes Due 2023

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Rocket engine maker Aerojet Rocketdyne (AJRD.N) has agreed to pay $9 million to resolve allegations that it violated U.S. law by misrepresenting its compliance with cybersecurity requirements in certain federal government contracts, the Justice Department said on Friday.

Aerojet Rocketdyne to pay $9 mln to resolve allegations of U.S. cybersecurity violations

Based on preliminary results, the Independent Slate received greater than 75% of votes cast EL SEGUNDO, Calif. , June 30, 2022 /PRNewswire/ -- Eileen Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) and the other members of the Independent Slate announced today that they have been elected by the shareholders of Aerojet Rocketdyne to serve as directors.

Aerojet Rocketdyne Shareholders Elect the Entire Independent Slate, Led by CEO Eileen Drake

NEW YORK--(BUSINESS WIRE)--Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (“Aerojet Rocketdyne” or the “Company”) Executive Chairman Warren Lichtenstein, who collectively with his affiliates and the participants in his solicitation owns approximately 5.6% of the Company's outstanding shares, today issued the below statement ahead of a special meeting of shareholders (the “Special Meeting”) scheduled to be held on June 30, 2022. As a reminder, Mr. Lichtenstein is seeking support on the GREEN Pro

Aerojet Rocketdyne Executive Chairman Warren Lichtenstein Issues Final Statement Ahead of Special Meeting

-Special Meeting of Stockholders to be held on June 30, 2022 -ISS and Glass Lewis Each Recommend Shareholders Elect the Entire Independent Slate EL SEGUNDO, Calif. , June 27, 2022 /PRNewswire/ -- Eileen Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization (the "Committee") remind Aerojet Rocketdyne shareholders that the special meeting of shareholders for the purpose of electing a new slate of directors will be held on June 30, 2022.

Committee For Aerojet Rocketdyne Shareholders and Value Maximization Reminds Shareholders to Vote FOR the Entire Independent Slate, Led by CEO Eileen Drake, on the WHITE Card

-Glass Lewis Joins ISS in Recommending Shareholders Elect the Entire Independent Slate  EL SEGUNDO, Calif., June 22, 2022 /PRNewswire/ -- Eileen Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization today announced that leading independent proxy advisory firm, Glass Lewis, has recommended that shareholders elect the entire Drake Independent Slate at the special meeting of shareholders scheduled for June 30, 2022.

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