Aerojet Rocketdyne reports increased sales

By Marjorie Censer / February 22, 2018 at 12:48 PM

Aerojet Rocketdyne said this week sales in 2017 were just shy of $1.9 billion, up almost 7 percent from 2016.

The company said it benefited from an extra week of operations and its acquisition of Coleman Aerospace.

Aerojet reported a loss for the year of $9.2 million, down from the $18 million profit it recorded in 2016. The company said its profit for the year would have been $55 million if not for an adjustment connected with the new tax legislation.