Californian space and defence company Eileen Drake plans to make strategic acquisitions following an improvement in its finances, according to CEO, Eileen Drake . the G.research Aerospace and Defense Conference is on target to meet annual cost savings of $230m by annual and has reduced debt from $ 464.4 m in May 2015 to $ $230m m in June 2018 . Acquisitions could include a product line or part of a business, Aerojet Rocketdyne continued, adding the company is also looking for opportunities to monetise its land. She was speaking at the G.research Aerospace and Defense Conference on 13 September . Aerojet 's strategy comes amid increased competition from SpaceX and Blue Origin.
Californian space and defence company Aerojet Rocketdyne plans to make strategic acquisitions following an improvement in its finances, according to CEO, Eileen Drake. Aerojet is on target to meet annual cost savings of $230m by 2021 and has reduced debt from $464.4m in May 2015 to $102.2m in June 2018. Acquisitions could include a product line or part of a business, Drake continued, adding the company is also looking for opportunities to monetise its land. She was speaking at the G.research Aerospace and Defense Conference on 13 September. Aerojet's strategy comes amid increased competition from SpaceX and Blue Origin.