Aerojet Rocketdyne posts fourth quarter gain and profitable 2016

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Aerojet Rocketdyne reported a profit for both the fourth quarter of 2016 and the entire year.

The company reported net income of $18.1 million in the fourth quarter of 2016, compared to $7.7 million in the same quarter of 2015.

For all of 2016, the company said it had net income of $18 million versus a loss of $16.2 million in 2015.

The company said growth in sales for 2016 was linked to increased activity in space launch and missile programs. [Aerojet Rocketdyne]


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