:

Business/Financial

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

By Cal Biesecker

Friday, June 17th, 2022

SHARE:

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…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]