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March 13, 2020, 8:14 a.m. EDT

Aerojet Rocketdyne board approves share buyback program of up to $100 million

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By Ciara Linnane

Aerojet Rocketdyne Holdings Inc. /zigman2/quotes/205342146/composite AJRD -1.16% said Friday its board has approved a share buyback program of up to $100 million. The El Segundo, Calif.-based company. which makes technology for aerospace and defense systems., said it will use the program to buy shares over time for 18 months. Shares rose 2.7% premarket and are up 11% in the last 12 months, while the s&P 500 /zigman2/quotes/210599714/realtime SPX -2.40% has fallen 12%.

/zigman2/quotes/205342146/composite
US : U.S.: NYSE
$ 39.73
-0.46 -1.16%
Volume: 283,550
Sept. 21, 2020 1:01p
P/E Ratio
25.89
Dividend Yield
N/A
Market Cap
$3.16 billion
Rev. per Employee
$378,877
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/zigman2/quotes/210599714/realtime
US : S&P US
3,239.92
-79.55 -2.40%
Volume: 1.50B
Sept. 21, 2020 1:01p
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