:

Business/Financial

GenCorp Launches Competitiveness Initiative, Announces Name Change

By Cal Biesecker

Tuesday, March 10th, 2015

SHARE:

GenCorp Launches Competitiveness Initiative, Announces Name Change

Guided Multiple Launch Rocket Systems (GMLRS) Unitary Rocket Launch. Aerojet Rocketdyne produces the solid propellant rocket motor for the system. Photo: Lockheed Martin.

GenCorp Inc. [GY] on Monday said its Aerojet Rocketdyne business has launched a competitive improvement program aimed at cutting costs and boosting operational efficiencies, which it expects will result in annual cost savings of about $145 million by 2019.In a rebranding move, the company also said it is changing its name to Aerojet Rocketdyne Holdings, Inc., and will adopt the stock ticker symbol “AJRD” with the NYSE, a change it expects will occur in late April.Aerojet Rocketdyne is GenCorp’s largest…

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]