Aerojet Rocketdyne (AJRD) Reaffirms Commitment to Growth Following Lockheed Martin Merger Termination

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Aerojet Rocketdyne Positioned to Continue Driving Growth, Profitability and Value Creation

February 13, 2022 6:43 PM EST

Announces Termination of Merger Agreement with Lockheed Martin

EL SEGUNDO, Calif., Feb. 13, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (the Company) today reaffirmed its strong foundation for substantial value creation following the termination of its merger agreement with Lockheed Martin Corporation. The Company issued the following statement:

We are poised to deliver substantial value to our shareholders driven by our continued leadership in key space exploration and defense growth markets, including by advancing hypersonics and strategic, tactical and missile... More