Aerojet Rocketdyne Holdings, Inc (AJRD) - NYSE
  • Dec. 3, 2015, 6:53 PM
    • Bad weather scrubbed a launch by Orbital ATK (OA -2.5%), in what would be a resumption of cargo runs to the International Space Station slightly more than a year after an Antares rocket exploded just after liftoff.
    • The company had to skip a launch window at 5:55 p.m. today, and reset for an opportunity at 5:33 p.m. Friday.
    • The launch planned to take an Orbital Cygnus craft on top of an Atlas 5 rocket, carrying 7,700 pounds of food, clothing, supplies and experiments (including a modular satellite kit and a pair of Microsoft HoloLens headsets).
    • Orbital had elected to go with the Atlas rockets, made by United Launch Alliance (BA, LMT), after the failure of a refurbished Soviet-era motor sold by Aerojet Rocketdyne (NYSE:AJRD) for the Antares.
    • Orbital is competing against SpaceX and Sierra Nevada for follow-on cargo delivery contracts expected to be awarded next month.
    • Previously: Boeing dropped from NASA's space station cargo flight competition (Nov. 05 2015)
    • Previously: In setback for Aerojet Rocketdyne, ULA picks Orbital ATK motors (Sep. 22 2015)
    | Dec. 3, 2015, 6:53 PM | 4 Comments
  • Nov. 23, 2015, 6:41 PM
    • Aerojet Rocketdyne (NYSE:AJRD) +4.6% AH after saying it landed two contracts related to manned space travel worth nearly $1.4B.
    • AJRD was awarded a $1.16B contract by NASA to restart production of the RS-25 main engine for the space shuttle, which will be used as a launch motor for deep space missions to Mars; the Mars launches will use four RS-25 motors in a single launch, with an unprecedented lift capacity of up to 130 metric tons.
    • Separately, AJRD signed a contract with Boeing (NYSE:BA) valued at nearly $200M for a propulsion system for the Starliner crew module for getting U.S. astronauts to the International Space Station.
    | Nov. 23, 2015, 6:41 PM | 1 Comment
  • Sep. 25, 2015, 10:58 AM
    • Aerojet Rocketdyne (AJRD -1.5%) is considering raising its $2B offer for United Launch Alliance, a rocket launch venture of Boeing (BA +0.4%) and Lockheed Martin (LMT -0.3%), but faces big hurdles after a rejection of the bid last week, Reuters reports.
    • AJRD faces an uphill climb given growing tensions between the two companies over the past few years, according to the report; earlier this week, ULA dumped AJRD as its solid rocket motor supplier and signed a long-term deal with its rival Orbital ATK (OA -0.5%).
    • An AJRD takeover of ULA also would require Russia to give its regulatory approval and transfer a technology license for use of the Russian RD-180 engine that powers ULA's Atlas V rocket, the report says.
    • Analysts have questioned how AJRD could raise the money for the deal, and even whether is worth $2B given the changing space market.
    | Sep. 25, 2015, 10:58 AM | 1 Comment
  • Apr. 10, 2015, 12:45 PM
    | Apr. 10, 2015, 12:45 PM | 3 Comments
  • Oct. 29, 2014, 12:24 PM
    • Alliant Techsystems (ATK -4.6%) says it is evaluating previously announced plans to merge its aerospace and defense businesses with Orbital Sciences (ORB -16%) following last night's explosion of a rocket carrying supplies for the international space station.
    • Analysts at RBC Capital say a likely cause of the explosion is the AJ-26 main engine, which are decades-old NK-33 Russian rocket engines that have been refurbished by a division of GenCorp (GY -7.1%); RBC says one of the AJ-26 engines in fact exploded this May during testing.
    • Stifel analysts say that while ORB’s launch insurance should cover losses, they expect additional work at ORB to be slowed while the cause is investigated; the firm thinks a 16% selloff would appear to price-in the near-term worst case and would be buyers below $28.
    | Oct. 29, 2014, 12:24 PM | 1 Comment
  • Jun. 18, 2013, 3:14 PM
    Paris Air Show: Gencorp's (GY +4.5%) Aerojet Rocketdyne unit says it's expanded an accord with Russian Experimental Design Bureau Fakel, obtaining the right to market and sell the Russian company's low-power Hall thrusters in the U.S. market. No financial details were given.
    | Jun. 18, 2013, 3:14 PM
  • Mar. 21, 2013, 3:14 PM

    GenCorp (GY +3.7%) trades up today after Oppenheimer intiated the shares with an Outperform and a $20 price target this morning. Oppenheimer says the stock has one of the more favorable growth profiles in the defense industry, and with an impressive 2014E 24% FCF yield ex-land, a highly valued land bank and a company-transforming acquisition about to close, it's attractive at current levels.

    | Mar. 21, 2013, 3:14 PM
  • Feb. 12, 2013, 9:10 AM
    Premarket gainers: STEM +30%. ZIOP +14%. KORS +12%. MAS +8%. AVP +7%. HERO +7%. BCS +7%. GY +6%. OPXA +6%. GTE +5%.
    Losers: MELA -17%. ORIG -5%. WNS -5%.
    | Feb. 12, 2013, 9:10 AM
  • Oct. 1, 2012, 3:42 PM

    Brookfield Residential (BRP +5.3%) shoots higher after a positive presentation from Mick McGuire at the Value Investing Congress. BRP boasts 30 years' worth of undervalued property, says Marcato Capital's McGuire; he also likes Alexander & Baldwin (ALEX -2.4%) and GenCorp (GY +3.4%) on the basis of their undervalued real estate assets.

    | Oct. 1, 2012, 3:42 PM | 1 Comment
  • Sep. 30, 2011, 1:57 PM

    GenCorp (GY +10%) pops after missing Q3 EPS estimates by $0.04 on revenue of $226M (+7.4% Y/Y). Investors seem to be honing in on the healthy backlog of orders the defense contractor reports.

    | Sep. 30, 2011, 1:57 PM
Company Description
Aerojet Rocketdyne Holdings, Inc. is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of excess real estate assets. It develops and manufactures propulsion systems for defense... More
Industry: Aerospace/Defense - Major Diversified
Country: United States