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Business/Financial

Judge Rules For Some Of Lichtenstein’s Claims, Says Both Aerojet Factions Have Qualified Slates

By Cal Biesecker

Friday, June 17th, 2022

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Judge Rules For Some Of Lichtenstein’s Claims, Says Both Aerojet Factions Have Qualified Slates

Aerojet Rockedyne President and CEO Eileen Drake. Photo: Aerojet Rocketdyne.

A Delaware court last Thursday ruled in favor of some of the dissident Aerojet Rocketdyne [AJRD] directors’ claims against the company’s CEO Eileen Drake and her faction on the board but the upshot is that a shareholder meeting and vote already scheduled for June 30 will determine control of the rocket-making company going forward. “A disclaimer is necessary,” Vice Chancellor Lori Wills of the Delaware Court of Chancery said in her June 16 decision regarding her ruling in partial favor…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]