Aerojet Rocketdyne Holdings Inc.
said Friday its board has approved a share buyback program of up to $100 million. The El Segundo, Calif.-based company. which makes technology for aerospace and defense systems., said it will use the program to buy shares over time for 18 months. Shares rose 2.7% premarket and are up 11% in the last 12 months, while the s&P 500
has fallen 12%.