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StockNews.com
Business
Aditi Ganguly

Is Aerojet Rocketdyne Holdings Stock a Buy or Sell?

Aerojet Rocketdyne Holdings, Inc. (AJRD) in Rancho Cordova, Calif., is a world-recognized aerospace and defense equipment manufacturer. The company’s clientele includes the U.S. Department of Defense, NASA, and prime aerospace and defense contractors.

AJRD was poised to merge with leading defense equipment manufacturer Lockheed Martin Corporation (LMT). However, the merger was terminated on February 13, following a U.S. Federal Trade Commission lawsuit that sought a preliminary injunction to block the acquisition.

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