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Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is a leader in advanced aerospace propulsion and defense systems, powering missions for NASA and the U.S. military. This dedicated news hub provides investors and industry professionals with timely updates on strategic developments, technological breakthroughs, and operational milestones.
Our curated collection features official press releases and verified news covering contract awards, propulsion system innovations, and financial performance. Track updates on key programs like NASA’s Artemis missions and next-generation defense technologies while staying informed about corporate governance developments.
Discover updates across critical categories including government contracts, space exploration initiatives, hypersonic engine advancements, and facility investments. The resource is designed for efficient monitoring of AJRD’s contributions to national security and space infrastructure.
Bookmark this page for direct access to Aerojet Rocketdyne’s latest achievements in liquid/solid rocket propulsion and land asset management. Check regularly for authoritative updates from one of aerospace’s most essential technology providers.
Aerojet Rocketdyne Holdings retracts statements made in its February 1 and February 2 press releases, which mischaracterized a nomination by Warren Lichtenstein for board members. A Delaware Court ruling found these statements unauthorized and misleading, creating a false perception of the company's stance against the Steel Slate. The company now affirms it takes no position on the upcoming stockholder vote concerning board member elections. The Court's opinion highlighted the need for accurate representation of the company’s views and governance.
The Delaware Court has ruled that Eileen Drake knowingly misused company resources to support her takeover efforts at Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD). The ruling includes a requirement for corrective disclosures to retract misleading statements made by Drake and her allies. The court found that Drake acted unlawfully, violated a temporary restraining order, and falsely testified during the proceedings. Warren Lichtenstein, who owns approximately 5.6% of shares, urges shareholders to support his slate of board nominees in the upcoming election set for June 30, 2022.
Aerojet Rocketdyne's shareholders will have a clear opportunity to determine the company's future in a special meeting scheduled for June 30, 2022, following a favorable ruling from the Delaware Court of Chancery. CEO Eileen Drake expressed satisfaction with the court's decision, which dismissed attempts by Mr. Lichtenstein to invalidate shareholder consents. The company incurred substantial legal expenses due to unnecessary litigation, which could have been avoided. Drake and the board are optimistic about the upcoming vote and encourage shareholders to participate.
Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) Executive Chairman Warren Lichtenstein, representing 5.6% of shares, calls for transparency ahead of the June 30, 2022 Special Meeting. He advocates for pre-releasing preliminary financial results to help shareholders gauge the company's performance amidst operational challenges since December 2020. Lichtenstein highlights a nearly 80% decline in free cash flow in 2021 and expresses concerns over management's handling of the company's issues. He emphasizes the need for informed voting on the board slate for enhanced value creation.
Aerojet Rocketdyne (NYSE: AJRD) addressed recent claims made by Warren Lichtenstein regarding the company's credibility, stating that his presentation is flawed and lacks effectiveness. On June 10, 2022, CEO Eileen Drake and independent directors released a statement correcting notable inaccuracies in Lichtenstein's materials, emphasizing the importance of their filed SEC presentation for investors. They urged stockholders to review the definitive proxy statement filed on June 1, 2022, ahead of the special meeting scheduled for June 30, 2022.
Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) released a presentation from Executive Chairman Warren Lichtenstein, outlining plans to address recent financial and operational deterioration. The strategy aims to achieve a stock value of
Aerojet Rocketdyne's management, led by CEO Eileen Drake, urges shareholders to vote for their independent slate of directors in an upcoming special meeting on June 30, 2022. Under Drake's leadership, the company achieved a total shareholder return of 183%, significantly outperforming the S&P 500. They face a proxy fight initiated by Executive Chairman Warren Lichtenstein, who is criticized for conflicts of interest and poor stewardship. The independent slate aims to enhance shareholder value and stability within the company amid this contentious leadership battle.
Aerojet Rocketdyne Holdings has announced a special shareholder meeting on June 30, 2022, to elect a new Board of Directors. Current CEO Eileen Drake seeks to safeguard shareholder interests against a takeover attempt by Executive Chairman Warren Lichtenstein. The company reported a 6% revenue growth to $2.188 billion in 2021, while adjusted EPS rose 18% to $1.97. The company maintains a solid backlog of $6.8 billion, positioning itself well for future growth amidst a focus on national defense and space exploration.
Aerojet Rocketdyne's CEO, Eileen P. Drake, responded to Executive Chairman Warren Lichtenstein's recent claims, labeling them as misleading and part of a proxy fight that harms the company and shareholders. Drake highlighted several inaccuracies in Lichtenstein's statements, including his role in the company’s performance issues and the involvement of his proposed CEO replacement as a paid consultant. Drake emphasized that the company had outperformed during her tenure and called for shareholders to read the preliminary proxy statement filed with the SEC regarding their upcoming meeting on June 30, 2022.
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