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Business/Financial

Aerojet Rocketdyne To Pay $9 Million To Resolve Cybersecurity Violations In Contracts

By Cal Biesecker

Friday, July 8th, 2022

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Aerojet Rocketdyne To Pay $9 Million To Resolve Cybersecurity Violations In Contracts

The Department of Justice last Friday said that aerospace and defense contractor Aerojet Rocketdyne [AJRD] has agreed to pay $9 million in penalties to resolve allegations that the company misrepresented its compliance with federal contracting requirements related to cybersecurity. The settlement resolves a whistleblower complaint filed by a former company employee, Brian Markus, who will receive $2.6 million of the payment. The Justice Department last fall initiated a civil cyber-fraud initiative to protect U.S. information networks by holding accountable organizations…

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