Aerojet Chairman Sues CEO Over Control of Rocket-Engine Maker’s Board
- Unsealed filings show long-simmering tensions over proxy fight
- Board scrap comes after U.S. moved to block Lockheed merger
Aerojet Rocketdyne’s eSR-73 advanced large solid rocket motor
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Aerojet Rocketdyne Inc.’s chairman and three directors asked a judge to block the CEO and her allies on the board from using company resources in a fight for control of the rocket-engine maker.
A lawsuit unsealed Friday revealed long-simmering tensions between Chairman Warren Lichtenstein and Chief Executive Officer Eileen Drake who are at the heart of a proxy battle launched as U.S. antitrust regulators move to block Aerojet’s $4.4 billion takeover by Lockheed Martin Corp. The dispute has left the board split between warring factions.