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Aerojet Rocketdyne (NYSE:AJRD) Coverage Initiated by Analysts at StockNews.
Arizona State Retirement System grew its holdings in shares of Aerojet Rocketdyne Holdings, Inc. () by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
But in this case, Aerojet was modifying engines that had flown multiple times on the space shuttle program; and Northrop was modifying boosters that were similarly used many times.
Source: https://jalopnik.com/nasa-s-sls-spending-spree-could-jeopardize-its-return-t-1850479224
Finally, PNC Financial Services Group Inc. boosted its stake in Aerojet Rocketdyne by 61.7% during the first quarter.
Pinnacle Holdings LLC purchased a new stake in Aerojet Rocketdyne during the first quarter worth about $45,000.
The company is now, however, Aerojet Rocketdyne, the last remaining independent supplier of missile propulsion systems in the United States.
Source: https://www.counterpunch.org/2023/02/16/merger-mania-in-the-military-industrial-complex/