<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2016-12-31</periodOfReport>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000040888</issuerCik>
        <issuerName>AEROJET ROCKETDYNE HOLDINGS, INC.</issuerName>
        <issuerTradingSymbol>AJRD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001186913</rptOwnerCik>
            <rptOwnerName>CORCORAN THOMAS A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>222 N. SEPULVEDA BLVD., SUITE 500</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>EL SEGUNDO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90245</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5371</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>90884</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Thomas A. Corcoran TTEE U/A DTD 07/16/2001</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Person's Form 4 filed on December 1, 2016 incorrectly reported 2,000 shares of common stock as being gifted from the Reporting Person's direct holdings. The shares were gifted from the Thomas A. Corcoran TTEE U/A DTD 07/16/2001 Trust.</footnote>
        <footnote id="F2">681 shares that were previously reported as directly owned on the Reporting Person's Form 4 filed December 1, 2016 have been transferred to the Thomas A. Corcoran TTEE U/A DTD 07/16/2001 Trust since that filing and are now being reported as indirectly owned.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Rebecca A. Bauer, attorney-in-fact</signatureName>
        <signatureDate>2017-01-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
