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With a Billion Dollars in New Contracts, This Stock Is Now on the "Launch Pad"

Shares of Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) soared more than 12% Tuesday after the maker of rocket motors landed two contracts with an estimated aggregate value of $1.4 billion.

And we believe there's lots more to come.

We first recommended Aerojet at $11.40 a share back in February 2013, when it was still known as GenCorp Inc. That was just months after GenCorp had inked a $550 million deal to buy the Pratt & Whitney Rocketdyne unit from United Technologies Corp. (NYSE: UTX).

In our view, GenCorp's stock was akin to a coiled spring. And when it was released - ignited by an outside catalyst or investors finally recognizing its potential - we said GenCorp could double.

That's just what happened.

  1. John Ballard | November 25, 2015

    You've told me about when Aerojet was at 11.40 a share, what I want to know is what is the price today?

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