Aerojet

Steel Connect Reports Fourth Quarter Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Supply Chain Management, Retail, Sale, SPLP, Supply chain, EBITDA, Corporation, Convertible, Steel Connect, Umpqua Holdings Corporation, Supply, Senior debt, Income tax, Capital expenditure, Electronics, Aerojet, Exchange, Capital, Video game, Cryptocurrency, Pharmaceutical industry, Airline, Life insurance

Fluctuations in foreign currency exchange rates had an insignificant impact on SG&A expenses for the fiscal year ended July 31, 2023, as compared to the prior fiscal year.

Key Points: 
  • Fluctuations in foreign currency exchange rates had an insignificant impact on SG&A expenses for the fiscal year ended July 31, 2023, as compared to the prior fiscal year.
  • The Exchange Transaction closed on May 1, 2023, and as such, there was no activity for the fourth quarter or fiscal year ended July 31, 2022.
  • Total interest expense for the fiscal year ended July 31, 2023 remained relatively flat compared to the fiscal year ended July 31, 2022.
  • Other gains, net for the fiscal year ended July 31, 2023 and the fiscal year ended July 31, 2022 were $11.3 million and $4.1 million, respectively.

TTM Technologies, Inc. Announces the Retirement of its CFO and Appoints a CFO Successor

Retrieved on: 
Wednesday, August 2, 2023
Entrepreneurship, Aerojet, Partnership, Controller, UCLA Anderson School of Management, Northrop Grumman, Corporate accountability, Business administration, TTM, Retirement, KPMG LLP, Loyola Marymount University, Master of Business Administration, KPMG, RF, Management, Finance

From September 11, 2023 to December 31, 2023, Mr. Schull intends to serve as a special advisor to the Company’s Chief Executive Officer, Thomas T. Edman.

Key Points: 
  • From September 11, 2023 to December 31, 2023, Mr. Schull intends to serve as a special advisor to the Company’s Chief Executive Officer, Thomas T. Edman.
  • From August 21, 2023 to September 11, 2023, Mr. Boehle is expected to serve as Executive Vice President of Finance for the Company.
  • I speak for all of the TTM family as we wish him immense joy and fulfillment in his retirement.
  • While we honor Todd for his career as he approaches retirement, we welcome Dan with excitement and open arms.

Kratos Successfully Static Test Fires the Zeus 1 Solid Propellant Rocket Motor at Aerojet Rocketdyne’s Camden, Arkansas

Retrieved on: 
Wednesday, June 21, 2023
Dark, Aerojet, SRM, Canadarm, Kratos Defense & Security Solutions, M270 Multiple Launch Rocket System, Defense, National security, KDRS, The Chronicles of Riddick: Dark Fury, Research, Temperature, SMDS, Erinyes, Investment, Nature, SAN, Technology company, Zeus, Family, Jet fuel, Electric motor, Renewable energy, Kratos

SAN DIEGO, June 21, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that its Space & Missile Defense Systems Business Unit (SMDS), a part of Kratos’ Defense & Rocket Systems Division (KDRS), successfully conducted the first static test firing of the Zeus 1 solid rocket motor (SRM) at Aerojet Rocketdyne’s Camden, Arkansas facility. Kratos, responding to the need for new affordable commercial SRMs to operate as launch vehicle stages for Kratos’ research, hypersonic, ballistic missile target, and “other” vehicles, determined Zeus 1 and 2 motor requirements and standards, and through internal investments, funded the development of the Zeus SRM designs. The family of Zeus SRMs are designed and manufactured by Kratos’ key merchant supplier partner Aerojet Rocketdyne.

Key Points: 
  • The family of Zeus SRMs are designed and manufactured by Kratos’ key merchant supplier partner Aerojet Rocketdyne.
  • Prior to firing, the Kratos Zeus 1 motor was cooled to the lowest planned operating temperature to evaluate motor performance under the most stressing ignition conditions.
  • The Kratos Zeus 1 motor performed nominally throughout the test and preliminary hardware and data inspection confirms the robustness of the motor design and its applicability for multiple customer applications.
  • The Kratos Zeus 1 is the first of two high-performance 32.5-inch diameter solid rocket motors internally developed and funded under the Kratos Zeus Program, with the larger Zeus 2 motor scheduled for static test later this year.

Steel Partners Holdings Reports First Quarter Financial Results and Declares Quarterly Distribution on its Series A Preferred Units

Retrieved on: 
Thursday, May 4, 2023
Other Professional Services, Asset Management, Professional Services, Finance, Capital expenditure, E series of preferred numbers, Repurchase agreement, Financial services, Steel Connect, Tax, Energy, EBITDA, Investment, CRT, Real estate, Cryptocurrency, Life insurance, Aerojet

The increase was primarily due to higher expenses from the Financial Services segment and, to a lesser extent, higher expenses for the Diversified Industrial segment.

Key Points: 
  • The increase was primarily due to higher expenses from the Financial Services segment and, to a lesser extent, higher expenses for the Diversified Industrial segment.
  • Interest expense for the three months ended March 31, 2023 increased $1,462, or 32.3%, as compared to the same period last year.
  • Since inception of the Repurchase Program the Company had purchased 7,421,496 common units for an aggregate price of approximately $147,606.
  • As of March 31, 2023, there were approximately 348,744 common units that may yet be purchased under the Repurchase Program.

Aerojet Rocketdyne Awarded $215.6M to Supplement Ongoing Modernization Efforts and Increase Solid Rocket Motor Manufacturing Capacity

Retrieved on: 
Friday, April 14, 2023
Enhanced Defense Cooperation Agreement, Aerojet, United States Department of Defense, United States Joint Forces Command, Stinger, Element, GMLRS, Digital transformation, Investment, Cooperative, Javelin, M270 Multiple Launch Rocket System, Digital, Joint, Aerojet Rocketdyne, Safety

Enhanced modernization of solid rocket motor production will directly support industry primes and military services.

Key Points: 
  • Enhanced modernization of solid rocket motor production will directly support industry primes and military services.
  • Aerojet Rocketdyne’s ongoing modernization efforts include building state-of-the-art facilities and automating manufacturing processes.
  • ft. facility at our Camden, Arkansas, site that consolidates solid rocket motor manufacturing activities, improving both efficiency and safety, increasing production capacity, and reducing costs.
  • This Cooperative Agreement will enable Aerojet Rocketdyne to provide critical propulsion capability to DoD well into the future.

Aerojet Rocketdyne Selected by Lockheed Martin to Power Additional THAAD Interceptors

Retrieved on: 
Monday, March 27, 2023
2020 Riyadh drone and missile attack, Aerojet, Foreign, DACS, THAAD, Missile Defense Agency, Missile defense, Lockheed, Aerojet Rocketdyne, Terminal High Altitude Area Defense, Arms industry

HUNTSVILLE, Ala., March 27, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has been awarded a new contract by Lockheed Martin to produce additional solid rocket motors and Divert and Attitude Control Systems (DACS) for the Terminal High Altitude Area Defense (THAAD) weapon system for the Missile Defense Agency.

Key Points: 
  • HUNTSVILLE, Ala., March 27, 2023 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne has been awarded a new contract by Lockheed Martin to produce additional solid rocket motors and Divert and Attitude Control Systems (DACS) for the Terminal High Altitude Area Defense (THAAD) weapon system for the Missile Defense Agency.
  • The contract includes interceptor propulsion for U.S. government lots 13/14 as well as Foreign Military Sales.
  • THAAD is one of the nation’s primary defenses against short, medium and intermediate-range missiles.
  • “For more than two decades, Aerojet Rocketdyne has powered THAAD, a missile defense system that protects our nation, our military service members and our allies,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president.

Steel Partners Holdings Reports Fourth Quarter and Full Year Results

Retrieved on: 
Wednesday, March 8, 2023
Other Professional Services, Professional Services, Finance, Energy, Financial services in Japan, Adjustment, CRT, Tax, Building material, Service provider, Growth, Sale, Associate company, Partnership, Public expenditure, EBITDA, Investment, Capital expenditure, ERP, Financial services, Bank, Cryptocurrency, Corporation, Aerojet

Cost of goods sold for the three months ended December 31, 2022 decreased $25.7 million, or 8.8%, as compared to the same period last year.

Key Points: 
  • Cost of goods sold for the three months ended December 31, 2022 decreased $25.7 million, or 8.8%, as compared to the same period last year.
  • The decrease was primarily due to the Diversified Industrial segment, driven by lower sales volume and the impact from the SLPE divestiture as mentioned above.
  • SG&A expenses for corporate included a gain as a result of a litigation settlement of $8.8 million in the 2021 period.
  • As of December 31, 2022, net debt totaled $47.6 million, a decrease of $177.5 million, as compared to December 31, 2021.

Aerojet Rocketdyne Delivers 830,000th Attitude Control Motor for Patriot Missile as Investments Enable 40% Increase in Production

Retrieved on: 
Monday, February 27, 2023
Lockheed, ACM, Investment, Aerojet, ACMS, MSE, Aerojet Rocketdyne, Patriot

HUNTSVILLE, Ala., Feb. 27, 2023 (GLOBE NEWSWIRE) -- As company investments enable significant increases in production, Aerojet Rocketdyne has now delivered the 830,000th Attitude Control Motor (ACM) for Patriot missile system variants, including the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE).

Key Points: 
  • HUNTSVILLE, Ala., Feb. 27, 2023 (GLOBE NEWSWIRE) -- As company investments enable significant increases in production, Aerojet Rocketdyne has now delivered the 830,000th Attitude Control Motor (ACM) for Patriot missile system variants, including the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE).
  • The investments allowed the site to move from two to three production lines, increasing ACM production by 40%.
  • In addition to the missile’s ACMs, Aerojet Rocketdyne provides the PAC-3 MSE’s dual-pulse solid rocket motor and the lethality enhancer.
  • Aerojet Rocketdyne has supported the PAC-3 missile system since its inception and has provided ACMs for the program since 2004.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TIG, SESN, CINC, AJRD

Retrieved on: 
Thursday, February 16, 2023
Collection, NYSE, Fraud, Sale, Aerojet Rocketdyne Holdings, L3Harris Technologies, AstraZeneca, Aerojet, Advertising, Security (finance)

If you are a Trean shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Trean shareholder, click here to learn more about your rights and options .
  • If you are a Sesen Bio shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

AEROJET ROCKETDYNE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Aerojet Rocketdyne Holdings, Inc. - AJRD

Retrieved on: 
Wednesday, February 15, 2023
Class Action Lawsuit, Professional Services, Legal, Sale, L3Harris Technologies, NYSE, Aerojet Rocketdyne Holdings, AJRD, KSF, Aerojet

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) to L3Harris Technologies (NYSE: LHX).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) to L3Harris Technologies (NYSE: LHX).
  • Under the terms of the proposed transaction, shareholders of Aerojet will receive only $58.00 in cash for each share of Aerojet that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .