New Independent Nominees Join Slate to Counter Steel Partners’ Slate and Proxy Fight at Aerojet Rocketdyne

Fellow Shareholders,

We are writing this open letter to Aerojet Rocketdyne’s shareholders with an important update.

Aerojet Rocketdyne’s business is hitting on all cylinders. In 2021, the Company grew sales by 6% to $2.188 billion, adjusted EBITDAP by 10% to $298.5 million and adjusted EPS by 18% to $1.97. The Company also generated $162 million of free c…