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Aerojet Rocketdyne Hldgs (AJRD) Stock News

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Aerojet Rocketdyne’s specialty metal provider, Aerojet Ordnance Tennessee, has secured a multi-year Indefinite Delivery Indefinite Quantity contract valued at up to $75 million from the Army’s Project Manager for Maneuver Ammunitions Systems. This contract is aimed at supplying components for the M829A4 120mm Kinetic Energy round, designed for use in the M1 Abrams Main Battle Tank. The M829A4 represents the latest in armor-piercing technology and is recognized for its superior accuracy and lethality. CEO Eileen P. Drake expressed satisfaction in continuing support for the Army with this advanced weaponry, emphasizing its importance in maintaining defense capabilities.

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