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U.S. Senator Elizabeth Warren, a Democrat who wants more mergers scrutinized, questioned Defense Secretary Lloyd Austin about the Pentagon's role in the approval in July of L3 Harris Technologies' pur
The acquisition of Aerojet Rocketdyne by L3Harris Technologies has been finalized. Opposition to the merger by Sen. Elizabeth Warren was driven by anti-consolidation and anti-corporate sentiment, rath
Florida-based L3Harris today announced that it has completed its acquisition of Aerojet Rocketdyne, two days after the Federal Trade Commission gave its OK for the deal.
STEEL PARTNERS HOLDINGS L.P. (Trades, Portfolio), a prominent investment firm, recently made a significant transaction in its portfolio.
Aerospace and defense company L3Harris Technologies on Wednesday said it was informed that the U.S. Federal Trade Commission would not block its $4.7 billion deal for Aerojet Rocketdyne.
Aerojet Rocketdyne's (AJRD) advanced propulsion solution to assist Lockheed in developing Long Range Maneuverable Fires missiles.

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09:44am, Friday, 12'th May 2023
Just because a stock is down 50% doesn't mean that the business is broken. (Or does it?
Aerojet Rocketdyne (AJRD) Q1 sales of $566.3 million rise 10.8% from the year-ago quarter's $511.1 million. The top line misses the Zacks Consensus Estimate by 4.8%.
Aerojet Rocketdyne Holdings (AJRD) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.44 per share a year ago
Aerojet Rocketdyne says it's received a $67 million contract award from Lockheed Martin to provide propulsion systems for the Orion spacecraft that'll carry astronauts to the moon during three mission
AJRD signs a $215.6 million cooperative agreement with the Department of Defense to augment rocket propulsion manufacturing capacity.

How Much Are Space Stocks Worth?

07:07am, Sunday, 26'th Mar 2023
Space investors got bad news when Virgin Orbit announced furloughs and an "operational pause" last week. This week, we learned the company is looking to sell itself before it goes insolvent.
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 Stock: Time To Sell?

08:36am, Friday, 24'th Feb 2023
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 companie
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?
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