An investigation on behalf of investors of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) shares over potential securities laws violations by Aerojet Rocketdyne Holdings and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) concerning whether a series of statements by Aerojet Rocketdyne Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

El Segundo, CA based Aerojet Rocketdyne Holdings, Inc. designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. Aerojet Rocketdyne Holdings, Inc. reported that its annual Total Revenue rose from over $1.87 billion in 2017 to over $1.89 billion in 2018 and that its Net Loss of $9.2 million in 2017 turned into a Net Income of $137.3 million in 2018.
On April 9, 2019, a report was published alleging that Aerojet Rocketdyne Holdings, Inc is facing fundamental pressures, masked by complicated and aggressive accounting, which gives investors a potentially misleading impression of stability and growth. Among other issues, the report asserted that ~$900M of liabilities associated with the business [makes] the Company 5x more levered than it appears and that analysts blindly pencil in 4% revenue growth in the next two years, despite hundreds of millions of dollars in revenue programs that are disappearing.

Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) declined from $40.99 per share on February 6, 2019 to as low as $30.11 per share on April 9, 2019.