Steel Partners Issues Letter to Fellow Shareholders Regarding its Vision for Enhanced Value Creation at Aerojet Rocketdyne

Fellow Shareholders,

Steel Partners is one of the largest shareholders of Aerojet Rocketdyne, with ownership of approximately 5.2% of the Company’s outstanding shares. We are also a long-term shareholder that has spent nearly 15 years supporting the Company’s efforts to evolve and produce enhanced value. We believe our sizable ownership interest in Aeroj…