Aerojet Rocketdyne reports increased sales

By Marjorie Censer / July 28, 2020 at 11:21 AM

Aerojet Rocketdyne said this week sales in its most recent quarter totaled $512 million, up nearly 6% from the same three-month period a year earlier.

The company attributed the sales growth to the Guided Multiple Launch Rocket System and Medium Range Ballistic Missile programs.

Aerojet Rocketdyne said quarterly profit hit $39 million, down about 11% from the prior year. It attributed the decline in part to higher retirement benefits expenses.