AJRD Stock Recent News
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Aerojet Rocketdyne ($AJRD) Consolidates Rocket Motor Manufacturing to Increase Efficiency & Capacity
Aerojet Rocketdyne ($AJRD) has opened a new facility in Camden, Arkansas to integrate its solid rocket motor manufacturing activities, which the company says will improve operational efficiency, increase production capacity, and reduce costs. The new 51,000 square foot building consolidates the company's multiple manufacturing activities under one roof and adds advanced equipment, including modern tool-up bays, dedicated propellant casting and oven areas, with upgraded X-ray systems.
Aerojet Rocketdyne's (AJRD) quarterly sales of $528.5 million decline 5.1% from the year-ago quarter and also miss the Zacks Consensus Estimate by 7.3%
Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD ) Q2 2022 Earnings Conference Call August 1, 2022 8:30 AM ET Company Participants Kelly Anderson – Vice President of Investor Relations Eileen Drake – Chief Executive Officer and President Dan Boehle – Chief Financial Officer Conference Call Participants Greg Konrad – Jefferies Seth Seifman – JPMorgan Michael Ciarmoli – Truist Securities Operator Hello and welcome to the Aerojet Rocketdyne's Second Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode.
Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of -57.45% and 7.35%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
EL SEGUNDO, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (the “Company”) today announced that it will report its second quarter 2022 earnings results on Monday, August 1, 2022. The Company will also host a conference call and webcast that morning at 8:30 a.m. EDT / 5:30 a.m. PDT. Eileen P. Drake, Chief Executive Officer and President, and Dan Boehle, Chief Financial Officer, will host the call to discuss second quarter 2022 financial results and answer questions.
Aerojet Rocketdyne (AJRD) delivered earnings and revenue surprises of 4.76% and 2.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
And how Aerojet Rocketdyne could earn a year's worth of profits from a single contract.
Aerojet Rocketdyne is a major supplier of propulsion systems in the United States. After the failed acquisition by Lockheed Martin and an ongoing board fight, I believe that the stock is not getting the valuation it deserves.