Board of Directors Releases Investigation Summary

Rhea-AI Summary

Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) has released a memorandum from its Non-Management Committee summarizing the findings of an internal investigation. The report details specific outcomes pertinent to the company's operations, though specific results were not disclosed in the press release. Investors can access the full memorandum through the provided link. The company, based in El Segundo, California, specializes in aerospace and defense products, along with a real estate segment related to their excess assets.

Positive

• The memorandum may enhance transparency and trust among investors.

Negative

• The lack of specific findings in the memo may contribute to uncertainty among investors regarding the internal investigation.

EL SEGUNDO, Calif., May 16, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (the “Company”) today released a memorandum prepared by the Non-Management Committee of the Board of Directors of the Company (the “Committee”) summarizing factual findings and results of the investigation undertaken by the Committee.

The text of the memorandum is set forth in this link:

http://ml.globenewswire.com/Resource/Download/6372b724-eef1-4c8c-997f-774300148d6d

About Aerojet Rocketdyne Holdings, Inc.
Aerojet Rocketdyne Holdings, Inc., headquartered in El Segundo, California, is an innovative technology-based manufacturer of aerospace and defense products and systems, with a real estate segment that includes activities related to the entitlement, sale, and leasing of the Company’s excess real estate assets. More information can be obtained by visiting the Company’s websites at www.rocket.com or www.aerojetrocketdyne.com.

Contact information:
Investors: Kelly Anderson, investor relations 310-252-8155
Media: Steve Warren, vice president, communications 703-650-0278

FAQ

What were the results of the Aerojet Rocketdyne internal investigation?

The results of the internal investigation by the Non-Management Committee were summarized in a memorandum, but specific findings were not disclosed in the press release.

How does the internal investigation impact Aerojet Rocketdyne's stock (AJRD)?

While the investigation's findings may enhance transparency, the lack of detailed results could create uncertainty, potentially affecting investor confidence in AJRD.

Where can I find the Aerojet Rocketdyne memorandum detailing the investigation?

The memorandum can be accessed through the link provided in the press release.