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AEROJET ROCKETDYNE HOLDINGS, INC.

aerojetrocketdyne.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 4, 2023. Its latest SEC filing is a 15-12G from Aug 7, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Designed and manufactured propulsion and armament systems for U.S. government agencies and aerospace and defense contractors. Also engaged in zoning, sale and leasing activities for excess real estate.

How Did They Make Money?

Most revenue came from long-term aerospace and defense contracts to design, develop and manufacture products and provide related services; customers were invoiced on recurring schedules or when contract milestones were reached.

revenue

Who Were Their Customers?

Sold products to U.S. government agencies and major aerospace and defense contractors, with some sales reaching government end users through those contractors.

Customers above 10% of revenue, FY2022
of revenue from three customers (32%, 19%, 19%)
FY2021: 69% from three customers

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in .

Operating income,
6% of revenue
▼ −43% vs ($257M, 12%)
Net income,
3% of revenue
▼ −49% vs ($143.7M, 7%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q1 FY2023, the three months to Mar 31, 2023
Revenue
▲ +11%
vs $511.1M in Q1 FY2022
Net income
▲ 0%
vs $27.8M in Q1 FY2022
Aerospace and Defense share of revenue vs 99.9% in Q1 FY2022
  • Jul 28, 2023 L3Harris acquired Aerojet Rocketdyne Each share was converted into $58.00 in cash, and the shares ceased trading on the NYSE.

Grew. Revenue grew 18% in 4 years, from $1.9B in to $2.2B in , about 4% a year.

Revenue over time
Aerospace and Defense Real Estate Segment
$2.5B$1.3B$0

Who Did They Compete With?

Competes with SpaceX, Blue Origin, and Northrop

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