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Business/Financial

Supply Chain, Litigation Costs Help Send Earnings Down At Aerojet Rocketdyne

By Cal Biesecker

Monday, August 1st, 2022

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Supply Chain, Litigation Costs Help Send Earnings Down At Aerojet Rocketdyne

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

Aerojet Rocketdyne [AJRD] on Monday posted lower earnings and sales in its second quarter due to supply chain disruptions, favorable performance a year ago on a rocket engine that made for challenging comparison in the latest quarter, and litigation costs associated with bruising proxy battle and lower volume on several programs. Net income dove 64 percent to $16.4 million, 20 cents earnings per share (EPS), from $45 million (54 cents EPS) a year, 27 cents below consensus estimates. Sales fell…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

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Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

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Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

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