:

Business/Financial

Drake’s Faction Wins All Aerojet Rocketdyne Board Seats

By Cal Biesecker

Thursday, June 30th, 2022

SHARE:

Drake’s Faction Wins All Aerojet Rocketdyne Board Seats

Aerojet Rocketdyne President and CEO Eileen Drake. Photo: Aerojet Rocketdyne.

Aerojet Rocketdyne [AJRD] President and CEO Eileen Drake won her bitterly contested proxy battle with the company’s dissident executive chairman, Warren Lichtenstein, after shareholders on Thursday voted in favor of Drake and all of her nominees to sit on the board of directors. Drake and her faction enjoyed the support of the two leading independent proxy advisers who recommended to institutional investors before the June 30 special meeting of shareholders that they vote for the Drake slate to be directors.…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]