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  • Reuters2 years ago

    Aerojet Rocketdyne's CEO Seymour to retire; COO named successor

    Aerojet Rocketdyne Holdings Inc on Monday announced that its chief executive officer and president, Scott Seymour, would retire effective immediately and the company's chief operating officer, Eileen Drake, would assume both roles. In February, GenCorp said Seymour would also head the Aerojet Rocketdyne unit after the abrupt departure of its president, Warren Boley. On Monday, Warren Lichtenstein, chairman of the company's board, praised Seymour's role in the company's 2013 acquisition of Pratt & Whitney Rocketdyne.

  • Insider Monkey2 years ago

    Lodge Hill Capital’s Industrial and Consumer Discretionary Picks Slightly Outperform Market In the First Quarter

    Clint Murray‘s Lodge Hill Capital’s equity picks from the latest 13F filing marginally beat S&P 500 ETF (SPY) during the first quarter as they appreciated by 1.7% against the ETF’s 0.9% gain. The metric includes all 27 of Lodge Hill’s equity holdings from the 13F filing, but doesn’t include other securities that have not been disclosed, which

  • Reuters2 years ago

    Pentagon officials see business opportunities in space sector

    Top U.S. military officials on Tuesday said a new push to defend U.S. government satellites against potential attacks by China or other countries created promising new business opportunities for arms makers, non-traditional suppliers and international firms. Doug Loverro, deputy assistant defense secretary for space policy, said the Pentagon was seeking an initial $5.5 billion over the next five years to beef up protection of space assets and ground networks, and said that sum would grow in coming years. He said the U.S. government was looking at a range of new approaches for everything from rocket launch, communications, remote sensing, satellite control, and even sensors to increase the government's ability to monitor what was going on in space. Big weapons makers like Lockheed Martin Corp, Boeing Co and Northrop Grumman Corp are racing to cut costs and adopt more commercial practices given increased competition in both the satellite and rocket launch businesses.