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.

Lockheed Martin

In an announcement on Sunday, Lockheed Martin Corp (NYSE: LMT) said it will buy Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) in a deal valued at £3.30 billion. At £267 per share, Lockheed Martin is currently more than 10% down year to date in the stock market after recovering from a significantly lower £208 per share in March.

Lockheed Martin to acquire Aerojet Rocketdyne for £3.30 billion

In a transaction announced Sunday, Lockheed Martin Corp. (NYSE: LMT) has reached a definitive agreement to acquire Aerojet Rocketdyne Holdings Inc.

What Lockheed Martin Gets With Aerojet Acquisition

Lockheed Martin (LM), the US's largest defence contractor will acquire Aerojet Rocketdyne (AR), a rocket engine and missile manufacturer, for $4.4 billion including debt and net cash, giving the company a larger stake in space and hypersonic technology. The move comes amid the context of increasing competition in the Space and Defence industries.

Lockheed Martin acquires rocket engine maker Aerojet Rocketdyne for $4.4Bn as Space heats up

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) to Lockheed Martin Corporation for $56.00 per share in cash is fair to Aerojet shareholders. As part of the transaction, Aerojet declared a $5.00 per share pre-closing special dividend to certain holders of its common shares and convertible senior notes which, unless revoked, will adjust the consideration to be paid by Lockheed to $5

Aerojet Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Aerojet Rocketdyne Holdings, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – AJRD

MILWAUKEE, Wis., Dec. 21, 2020 /PRNewswire/ -- Ademi LLP is investigating Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) for possible breaches of fiduciary duty and other violations of the law in its transaction with Lockheed Martin. Click here to learn how to join the action:...

Shareholder Alert: Ademi LLP Investigates whether Aerojet Rocketdyne Holdings, Inc. has obtained a Fair Price in its transaction with Lockheed Martin Corporation

Lockheed Martin has struck a deal to acquire Aerojet Rocketdyne Holdings in an all-cash transaction valued at $4.

Lockheed Martin set to acquire Aerojet Rocketdyne in $4.4 billion deal

Defense and aerospace company Lockheed Martin Corporation (NYSE: LMT) is set to acquire propulsion systems manufacturer Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) in a $5 billion deal, the two companies announced Sunday. What Happened: Lockheed Martin has agreed to pay Aerojet a consideration of $56 per share — representing a 33% premium on the stock's closing price on Friday and a 42% premium on the 90-day volume-weighted average stock price.

Lockheed Martin To Buy Defense Industry Supplier Aerojet In $5B Deal

As part of the transaction's approval, Aerojet Rocketdyne's shareholders will receive a special pre-closing dividend of $5 per share in common stock and convertible senior notes in March 2021, which, unless revoked, is expected to reduce the transaction's purchase price to $51 per share. .

Lockheed Martin enters agreement to acquire Aerojet Rocketdyne for $4.4B

Lockheed, the biggest defense contractor, is acquiring Aerojet, cutting that firm off from teaming up for competition. Lockheed is paying a 21% premium, a billion dollars, presumably with profits from the taxpayer.

Wasteful Lockheed Swallows Up Another Defense Contractor - Aerojet

Purchase Price Represents a Premium of Approximately 33%

Aerojet Rocketdyne to be Acquired by Lockheed Martin in $5.0 Billion All-Cash Transaction

Lockheed Martin Corp said on Sunday that it has agreed acquire U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash.

Lockheed Martin inks $4.4 billion deal to acquire Aerojet Rocketdyne

BETHESDA, Md., Dec. 20, 2020 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today announced it has entered into a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) for $56 per share in cash, which is expected to be reduced to $51 per share after the...

Lockheed Martin to Acquire Aerojet Rocketdyne, Strengthening Position as Leading Provider of Technologies to Deter Threats and Help Secure the United States and its Allies

EL SEGUNDO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Major contract awards to support the nation's heavy-lift exploration rocket and next-generation strategic deterrent programs were among the 2020 highlights for Aerojet Rocketdyne.

Aerojet Rocketdyne Delivers Key Space and Defense Capabilities for the Nation During 2020

Aerojet Rocketdyne had been trending lower since February, but a rally that started at the beginning of November appears to have broken the downward trend. Solid earnings and revenue growth should help move the stock higher in the coming quarters.

Aerojet Rocketdyne Breaks Out Of Downward Trend

HUNTSVILLE, Ala., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne and the Air Force Research Laboratory (AFRL) have achieved record levels of thrust by a scramjet engine 10 years after making history by powering the first hydrocarbon-fueled and cooled air-breathing hypersonic flight test. The AFRL-Aerojet Rocketdyne team recently completed a successful series of hot-fire tests of an advanced air-breathing hypersonic engine under the United States Air Force's Medium Scale Critical Components (MSCC) program.

Another Aerojet Rocketdyne Hypersonic Engine Makes History

CAPE CANAVERAL, Fla., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne powered the recent successful launch of a United Launch Alliance (ULA) Delta IV Heavy rocket yesterday from Cape Canaveral Air Force Station in Florida. The rocket launched a classified national security payload for the U.S. National Reconnaissance Office (NRO).

Aerojet Rocketdyne Powers ULA Launch of National Reconnaissance Office Payload

CAPE CANAVERAL, Fla., Nov. 13, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne propulsion hardware played a key role in the successful launch of a classified U.S. National Reconnaissance Office (NRO) payload from Space Launch Complex 41 here aboard a United Launch Alliance (ULA) Atlas V rocket.

Aerojet Rocketdyne Propulsion Plays Key Role in Atlas V Mission for the NRO

Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of -17.39% and 0.70%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Aerojet Rocketdyne Holdings (AJRD) Misses Q3 Earnings Estimates

EL SEGUNDO, Calif., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) today reported results for the three months ended September 30, 2020.

Aerojet Rocketdyne Holdings, Inc. Reports 2020 Third Quarter Results

Euronet Worldwide

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3 Stocks Shining as Unmissable Opportunities

CAMDEN, Ark., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has delivered the 5,000th solid rocket flight motor for the Stinger missile system from its Solid Rocket Motor Center of Excellence in Camden, Arkansas, following a transition of the program from Gainesville, Virginia in 2005.

Aerojet Rocketdyne’s Arkansas Facility Delivers 5,000th Stinger Missile Solid Rocket Flight Motor

JONESBOROUGH, Tenn., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne’s specialty metal provider Aerojet Ordnance Tennessee (AOT) announced today that it reached a major production milestone when it delivered its eight millionth M67 hand grenade body to Day & Zimmermann (D&Z) for final assembly and delivery to the U.S. Army. AOT has been the sole supplier of M67 hand grenade body assemblies to the United States government since 2001.

Aerojet Ordnance Tennessee Delivers Eight Millionth M67 Hand Grenade Body

HEICO

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Defense stocks have underperformed even as the order backlog of defense companies swells. Expect these four stocks to bounce back.

4 Defense Stocks Vital to National Security

EL SEGUNDO, Calif., Oct. 13, 2020 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, a leading provider of defense and space propulsion, announced today that Chief Executive Officer and President Eileen P. Drake has been selected by the Association of the United States Army (AUSA) to receive the John W. Dixon Award for 2020. This is AUSA’s highest award for a leader in industry, recognizing distinguished service resulting in outstanding contributions to national defense by a member of the industrial community.

AUSA Selects Aerojet Rocketdyne CEO and President Eileen P. Drake for 2020 John W.

Aerojet Rocketdyne stock is cheap, its fundamentals strong, and we rate it at Buy as a result.

News for Aerojet Rocketdyne Holdings Stock (AJRD)