|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||44.69 - 44.69|
|52-week range||44.69 - 44.69|
|Beta (5Y monthly)||0.40|
|PE ratio (TTM)||28.11|
|Earnings date||26 Oct 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Blue Origin promised United Launch Alliance new engines in time for 2019. It's already missed that deadline, and 2022 is coming up fast.
WASHINGTON (Reuters) -A bipartisan group of 13 members of the U.S. Congress sent a letter to the Pentagon supporting Lockheed Martin's proposed acquisition of rocket engine maker Aerojet Rocketdyne, according to the letter seen by Reuters. Shares of Aerojet rose more than 2% after the Reuters report as investors cheered congressional support for a deal that has run into headwinds among some lawmakers. In July, U.S. Senator Elizabeth Warren asked the Federal Trade Commission to take a tougher look at defense industry mergers, questioning Lockheed Martin's plan to buy the biggest independent maker of rocket motors, Aerojet Rocketdyne Holdings.
The heavy selling pressure might have exhausted for Aerojet Rocketdyne (AJRD) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.