Aerojet Rocketdyne Holdings, Inc. (AJRD) News
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AJRD News Highlights
- AJRD's 30 day story count now stands at 8.
- Over the past 18 days, the trend for AJRD's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- ZEUS and MET are the most mentioned tickers in articles about AJRD.
Latest AJRD News From Around the Web
Below are the latest news stories about AEROJET ROCKETDYNE HOLDINGS INC that investors may wish to consider to help them evaluate AJRD as an investment opportunity.
Q2 2023 L3Harris Technologies Inc Earnings Call
STEEL PARTNERS HOLDINGS L.P. (Trades, Portfolio), a prominent investment firm, recently made a significant transaction in its portfolio. The firm reduced its stake in Aerojet Rocketdyne Holdings Inc (NYSE:AJRD), a leading manufacturer of aerospace and defense products. This article will delve into the details of the transaction, provide an overview of the guru and the traded company, and analyze the potential implications of this move for value investors.
Madison Square Garden Sports Corp. (NYSE:MSGS) will replace Aerojet Rocketdyne Holdings Inc. (NYSE:AJRD) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 1. S&P 500 constituent L3Harris Technologies Inc. (NYSE:LHX) is acquiring Aerojet Rocketdyne in a deal that is expected to close on July 28, pending final conditions.
The company also raised its full-year forecasts for revenue and profit as the Ukraine war drives up demand for defense equipment. U.S. Senator Elizabeth Warren and some other lawmakers had urged the Defense Department to thoroughly review the proposed deal, saying it could impact the operations of Lockheed Martin, Raytheon and Boeing - all of which depend on products that only Aerojet is able to produce.
Elizabeth Warren cites competition, national security in call to block Aerojet Rocketdyne sale to L3Harris
Sen. Elizabeth Warren and some other lawmakers are calling on the Department of Defense to block the proposed $4.7 billion sale of Aerojet Rocketdyne Holdings Inc. to L3Harris Technologies Inc.
Sen. Elizabeth Warren and three other lawmakers have asked the Pentagon to block L3Harris Technologies’ proposed $4.7 billion purchase of Aerojet Rocketdyne.
U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers on Tuesday to urge the Defense Department to thoroughly review defense contractor L3Harris Technologies' $4.7 billion deal for Aerojet Rocketdyne Holdings . The Defense Department is influential with the antitrust agencies on decisions about approving deals that touch on military issues, and often take too soft an approach, Warren and the other lawmakers wrote. "Lockheed Martin, Raytheon, and Boeing are all dependent on products that only Aerojet is able to produce, and their operations could be hamstrung by its acquisition," they wrote.
Zeus 1 Motor Test Successful test of the Zeus 1 solid rocket motor for Kratos at Aerojet Rocketdyne’s Camden, Arkansas facility HUNTSVILLE, Ala., July 10, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has successfully developed and static-fire tested the Zeus 1, an advanced stage 1 Large Solid Rocket Motor (LSRM) for Kratos. The motor met or exceeded performance expectations. “Congratulations to the Aerojet Rocketdyne and Kratos teams for this outstanding achievement,” said Eileen P. Drake, Aeroje
L3Harris is no bargain among defense stocks already, and buying Aerojet is the wrong solution to its problems.
Anduril’s purchase of a solid rocket engine maker marks a further pivot from software to military hardware.