Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. It operates in two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors. This segment provides liquid and solid rocket propulsion systems, air-breathing hypersonic engines, and electric power and propulsion systems for space, defense, civil, and commercial applications; and armament systems. The Real Estate segment engages in the re-zoning, entitlement, sale, and leasing of the company's excess real estate assets. It owns 11,394 acres of land adjacent to the United States Highway 50 between Rancho Cordova and Folsom, California east of Sacramento. The company was formerly known as GenCorp Inc. and changed its name to Aerojet Rocketdyne Holdings, Inc. in April 2015. Aerojet Rocketdyne Holdings, Inc. was incorporated in 1915 and is headquartered in El Segundo, California.
IPO Year:
Exchange: NYSE
Website: aerojetrocketdyne.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2022 | $40.00 → $49.00 | Neutral → Overweight | JP Morgan |
| 2/8/2022 | Hold → Buy | Jefferies | |
| 2/8/2022 | $49.00 → $47.00 | Hold → Buy | Jefferies |
JP Morgan upgraded Aerojet Rocketdyne from Neutral to Overweight and set a new price target of $49.00 from $40.00 previously
Jefferies upgraded Aerojet Rocketdyne Hldgs from Hold to Buy
Jefferies upgraded Aerojet Rocketdyne from Hold to Buy and set a new price target of $47.00 from $49.00 previously
Canaccord Genuity reiterated coverage of Aerojet Rocketdyne Hldgs with a rating of Hold and set a new price target of $51.00 from $56.00 previously
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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, Aerojet Rocketdyne CEO and president. "This test validated the robustness of our innovative motor design for an affordable hypersonic application, and further demonstrated our large solid rocket motor capabilities at Camden, where we support multiple industry customers to power various defense programs." The motor was developed
STENNIS SPACE CENTER, Miss., June 23, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne and NASA completed a certification test series yesterday for the new RS-25 production engines that will propel NASA's Space Launch System (SLS) exploration rocket for Artemis missions, beginning with Artemis V. This test series ensures the new engines will perform with the same reliability and robustness of their predecessors. "With the completion of this 12-test campaign, we have cleared a major milestone in our RS-25 production restart program," said Eileen P. Drake, Aerojet Rocketdyne CEO and president. "The test series went very smoothly, raising our level of confidence that the new hardware designs and
HUNTSVILLE, Ala., June 21, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne will develop an advanced propulsion solution for the Long Range Maneuverable Fires (LRMF) missile that Lockheed Martin is developing for the U.S. Army. The LRMF missile is a precision fires missile that will launch from existing U.S. Army launchers, like HIMARS, to engage targets at ranges that significantly exceed those of the Precision Strike Missile (PrSM) baseline. "Aerojet Rocketdyne propulsion has powered U.S. Army systems for decades, and we look forward to leveraging that experience and our talented workforce to develop next-generation missiles with significantly extended range," said Eileen P. Drake, Aerojet
HUNTSVILLE, Ala., June 20, 2023 (GLOBE NEWSWIRE) -- In early April 2023, Aerojet Rocketdyne was awarded a two-year contract by Lockheed Martin, valued at $23.8 million, to continue its role in providing propulsion units for the Javelin missile. "Aerojet Rocketdyne has powered more than 50,000 Javelin missiles since the program's inception more than 20 years ago," said Eileen P. Drake, Aerojet Rocketdyne CEO and president. "We look forward to continuing to deliver the motors for this proven and reliable system that protects our warfighters, allies and strategic partners." Aerojet Rocketdyne produces an integrated launch and flight motor to safely propel the Javelin missile from launch
HUNTSVILLE, Ala., June 19, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has successfully completed the qualification static fire test of the eSR-19, the advanced large solid rocket motor that will power the Missile Defense Agency's (MDA) next generation Medium Range Ballistic Missile (MRBM) target used to test our nation's missile defense systems. "I applaud the dedicated efforts by teams across Aerojet Rocketdyne to meet this important milestone," said Eileen P. Drake, Aerojet Rocketdyne CEO and president. "Our steadfast workforce and advanced solid rocket motor propulsion remain crucial to helping protect our nation and our allies." The successful qualification test, conducted by Ai
EL SEGUNDO, Calif., May 31, 2023 (GLOBE NEWSWIRE) -- Eileen P. Drake, CEO and president of Aerojet Rocketdyne, Inc., will be honored as Director of the Year for Corporate Governance by the Forum for Corporate Directors, Orange County, on June 1, 2023, at a ceremony in Newport Beach, California. "It is a great honor to be recognized by the Forum for Corporate Directors as Director of the Year for Corporate Governance," said Drake. "Behind every leader is a strong team, and I am proud to accept this award on behalf of the fantastic people I work alongside day in and day out. Without them, it would be impossible for Aerojet Rocketdyne to continue moving forward." The Director of the Year Aw
WEST PALM BEACH, Fla., May 25, 2023 (GLOBE NEWSWIRE) -- Two Florida attractions now have RL10 upper-stage rocket engines on display, thanks to Aerojet Rocketdyne: the new Gateway™: The Deep Space Launch Complex® at NASA's Kennedy Space Center Visitor Complex on Merritt Island, and the Cox Science Center and Aquarium (CSCA) in West Palm Beach where the RL10 is produced. "The RL10 has been the nation's premier, high-performance launch vehicle upper-stage rocket engine for nearly 60 years," said Eileen P. Drake, Aerojet Rocketdyne CEO and president. "We're excited to work with Kennedy Space Center Visitor Complex and the Cox Science Center to tell the RL10 story and inspire future rocket sci