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Aerojet Rocketdyne: Expect The L3Harris Deal To Close

Jay Capital profile picture
Jay Capital


  • I expect the deal to close, as it aligns with the US DoD objectives.
  • The delay caused by the FTC's request for additional information should not have significant impacts.
  • The timing is right for this deal given the urgency of the situation in Ukraine and the Indo-Pacific region.
Rocket lift off into space. Spaceship launch with smoke on the starry sky. Space and travel wallpaper. Copy space for design and text

Ales_Utovko/iStock via Getty Images


To sum up, I believe the L3Harris Technologies (LHX) and Aerojet Rocketdyne (NYSE:AJRD) deal will be approved. I believe the deal makes sense to all 3 parties, AJRD, LHX and regulators. For AJRD, due to purchase accounting adjustments, I expect AJRD's margin

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Jay Capital profile picture
I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with steady long-term growth, no cyclicality, and a robust balance sheet.Nevertheless, investing in successful company is risky because one may end up paying too much (this is where valuation matters). I firmly believe this, yet there are situations where the development runway is so vast that price matters much less in the immediate future.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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