Aerojet Rocketdyne (AJRD)

Aerojet Rocketdyne Holdings, Inc., headquartered in El Segundo, California, is an innovative technology-based manufacturer of aerospace and defense products and systems, with a real estate segment that includes activities related to the entitlement, sale, and leasing of the Company's excess real estate assets.

Company profile

Ticker

AJRD

Exchange

NYSE

Website

www.aerojetrocketdyne.com

CEO

Eileen Drake

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Manufacturing > Guided Missile and Space Vehicle Manufacturing

Industry (SIC)

Guided Missiles & Space Vehicles & Parts

Lockheed Martin • Kratos Defense & Security Solutions • Kaman • Rocket Lab USA • Momentus • Redwire • Terran Orbital ...

Former names

GENCORP INC

SEC CIK

0000040888

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Aerojet Rocketdyne, Inc. • Aerojet International, Inc. • Aerojet Ordnance Tennessee, Inc. • Aerojet Rocketdyne Coleman Aerospace, Inc. • Aerojet Rocketdyne of DE, Inc. • Arde, Inc. • Arde-Barinco, Inc. • BPOU LLC • Chemical Construction Corporation • Cordova Chemical Company ...

IRS number

340244000

AJRD stock data

1M 1Y 5Y

News

From Benzinga Pro

Aerojet Rocketdyne Shareholders Elect The Entire Independent Slate, Led By CEO Eileen Drake

30 Jun 22

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.

BWX Technologies Secures Contract To Build Nuclear Microreactor In US

9 Jun 22

Committee For Aerojet Rocketdyne Shareholders And Value Maximization Files Definitive Proxy Statement And Mails Notice Of Special Meeting Of Shareholders

1 Jun 22

-Special Meeting Will Be Held on June 30, 2022 and Allow Shareholders to Elect a New Board of Directors -Committee Urges Shareholders to Protect Their Investment Against a Takeover by Executive Chairman Lichtenstein,

Aerojet Rocketdyne CEO comments on Executive Chairman Warren Lichtenstein's Latest Commentary

27 May 22

Aerojet Rocketdyne Executive Chairman And Aligned Shareholder Warren Lichtenstein Issues Statement Following Trial Pertaining To Conduct Of Chief Executive Officer Eileen Drake

26 May 22

Press releases

From Benzinga Pro

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

30 Jun 22

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

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

28 Jun 22

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

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

27 Jun 22

-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

Glass Lewis Recommends Aerojet Rocketdyne Shareholders Vote FOR the Entire Independent Slate, Led by CEO Eileen Drake

22 Jun 22

Eileen Drake, Aerojet Rocketdyne's CEO, Comments on ISS Recommendation FOR Her Entire Slate

21 Jun 22

Analyst ratings and price targets

Last 3 months

Calendar

3 May 22

2 Jul 22

31 Dec 22

Financial summary

Financial statements Chart AJRD financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	613.9M	613.9M	613.9M	613.9M	613.9M	613.9M
Cash burn (monthly)	29.83M	(no burn)	(no burn)	(no burn)	25M	(no burn)
Cash used (since last report)	91.46M	n/a	n/a	n/a	76.64M	n/a
Cash remaining	522.44M	n/a	n/a	n/a	537.26M	n/a
Runway (months of cash)	17.5	n/a	n/a	n/a	21.5	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

AJRD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
18 May 22	Eileen P. Drake	Common Stock	Sale back to company	Dispose D	No	No	0	20,000	0	62,420
6 May 22	Daniel L. Boehle	Common Stock	Sell	Dispose S	No	No	40.52	12,510	506.91K	57,148
4 Mar 22	John D. Schumacher	Common Stock	Payment of exercise	Dispose F	No	No	39.23	4,050	158.88K	79,780
4 Mar 22	John D. Schumacher	Common Stock	Option exercise	Acquire M	No	No	23.06	11,610	267.73K	83,830
4 Mar 22	John D. Schumacher	Emp. Stk. Option Common Stock	Option exercise	Dispose M	No	No	23.06	11,610	267.73K	0
3 Mar 22	Warren G Lichtenstein	Common Stock, Par Value $0.10	Option exercise	Acquire M	Yes	No	0	5,803	0	526,695
3 Mar 22	Warren G Lichtenstein	RSU Common Stock, Par Value $0.10	Option exercise	Dispose M	Yes	No	0	5,803	0	5,803
2 Mar 22	John D. Schumacher	Common Stock	Payment of exercise	Dispose F	No	No	39.7	391	15.52K	72,220
2 Mar 22	John D. Schumacher	Common Stock	Option exercise	Acquire M	No	No	0	809	0	72,611
2 Mar 22	John D. Schumacher	RSU Common Stock	Option exercise	Dispose M	No	No	0	809	0	809

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

AJRD institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	0	0
Opened positions	0	0
Closed positions	0	0
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	0
Total shares	0	0
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Kratos Defense & Security Solutions

Risks

The military conflict between Russia and Ukraine, and the global response to it could exacerbate certain risks we face, and could adversely impact our business, financial condition and results of operations.

Management Discussion

* Primary reason for change. The increase in net sales was primarily driven by the PAC-3 and Next Generation Interceptor ("NGI") programs partially offset by a decline on the RS-25 program.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: absent, advisor, affiliated, agent, anticompetitive, appointment, asserted, attack, attorney, Audrey, behalf, beneficial, bylaw, candidate, capacity, caution, CCDL, Certificate, certification, Chilton, Clayton, Columbia, commenced, competition, competitor, concert, constituted, Corcoran, correct, correction, counsel, custodian, DDC, deal, declaratory, deficit, deploy, difficult, diminishing, director, dispute, disputed, divided, Drake, duly, duty, Eileen, electoral, employed, entice, entirety, entry, error, evenly, exacerbate, exacerbated, expend, facilitating, fact, failing, fee, foregoing, foreign, foreseeable, fortify, forum, Gen, granted, Group, healthy, hearing, heightened, Henderson, hostile, inclusion, Indiana, Interceptor, invalid, invasion, iv, joint, judicial, Kevin, Lance, launched, leave, lessened, LHMT, Lichtenstein, long, Lord, loyalty, manner, McNiff, misclassification, narrow, neutral, NGI, nominal, nominated, nomination, Northern, notice, notified, November, opposed, order, ordered, ordering, overstated, overstatement, plaintiff, prejudice, prevent, principle, prohibiting, prohibition, proper, purported, purportedly, purporting, purpose, reconstitution, rejected, repeal, repealed, restore, restraining, restructure, Ret, retain, retained, robust, Russia, Russian, SAC, slate, speak, SPH, stop, suit, topic, trial, Turchin, Ukraine, unconsolidated, understated, understatement, undue, unfair, unrealized, USAF, viable, virtue, void, Wabash, Warren, written

Removed: abetted, absenteeism, acceleration, acceptable, accounted, accretive, adequately, aided, announced, applied, approving, Carlisle, Clark, cleaning, Coffman, collectively, combination, committed, consideration, Consulting, contractor, cured, Darrell, declared, default, depend, depending, depreciating, determining, Deterrent, discretion, dismissal, distancing, emerge, enhanced, enterprise, essential, evaluating, experienced, exploring, favor, flexibility, forecasted, functionality, GBSD, Ground, hand, Harney, Hiramitsu, impacting, incorporated, indirect, judgement, legacy, merge, minimal, monitoring, negotiated, offer, omitting, outbreak, Patel, paying, Pennsylvania, planning, practicable, preferred, prevailing, privately, professional, promote, promotion, prospectively, pursue, Rachel, reach, recognizing, reduce, remotely, renegotiation, request, resolve, responsibility, retire, reviewed, Sam, sector, Selling, shown, social, soliciting, spread, Stein, surviving, system, thereof, thereunder, top, transmission, travel, treat, unanticipated, utilize, vaccine, voted, waived, welfare, Wilhelm, withstand

From filing 10-Q 2022 Q1

Financial reports

View all

Annual report (amended)

2 May 22

10-K