Aerojet Rocketdyne CEO Poised to Win Proxy Fight Against Executive Chairman

The chief executive of defense supplier Aerojet Rocketdyne Holdings Inc. is poised to prevail in an unusual proxy fight against its executive chairman, people familiar with the matter said.

Shareholders appear set to elect the eight-person board slate put forth by CEO Eileen Drake based on the votes that have come in ahead of the shareholder meeting Thursday, the people said. The company’s executive chairman, Warren Lichtenstein, had proposed his own slate after the two became embroiled in a bitter internal battle.