Insurance
Dec. 20, 2023
Aerojet Rocketdyne settles with insurer over claims for explosions
On Monday, Downey Brand LLP Partner William R. Warne filed a notice of settlement with the court. Attorneys for Orbital Sciences Corp. and another insurer with a stake in the case, Mitsui Sumitomo Insurance Co. of America, also signed the motion. Terms were not disclosed.
Aerojet Rocketdyne settles with insurer over claims for explosions
Sacramento County-based Aerojet Rocketdyne Inc. settled with an insurer that refused to pay for the costs of two rocket explosions.
In 2014, two rockets sold to a third party, Orbital Sciences Corp., failed during launches at NASA facilities. Those incidents prompted Aerojet to pay $50 million to Orbital, which was not a party to the federal lit...
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