Business

June 17, 2013

GenCorp completes acquisition of Pratt & Whitney Rocketdyne from United Technologies Corporation

GenCorp Inc. announced June 14 that it has completed the acquisition of substantially all operations of the Pratt & Whitney Rocketdyne business from United Technologies Corporation.

GenCorp will combine Rocketdyne with Aerojet-General Corporation, a wholly-owned subsidiary of GenCorp, and the combined businesses will operate as Aerojet Rocketdyne, Inc., headquartered in Sacramento, Calif.

As part of the Rocketdyne transaction, GenCorp will acquire UTC’s 50 percent interest in the RD Amross joint venture following receipt of Russian regulatory approvals.

“Today is an exciting milestone in the history of GenCorp. This landmark transaction signals the transformation of two rocket propulsion companies into one extraordinary opportunity for the future,” said GenCorp President and CEO, Scott Seymour. “The addition of Rocketdyne almost doubles the size of our company and provides additional growth opportunities as we build upon the complementary capabilities of each legacy company, including their talented people and innovative technologies.”

“Combined, we bring decades of history that launched the first space age and put mission-critical technology into the hands of our warfighters,” Seymour continued. “Our vision for the future is a shared one. We have the best workforce in the industry and we are committed to 100 percent safety and mission success as we continue to deliver performance, drive innovation and create opportunity. We will continue to be a leader in the next space age.”

 




All of this week's top headlines to your email every Friday.


 
 

 
lm-kmax

Lockheed Martin’s unmanned cargo helicopter team returns from deployment

After lifting more than 4.5 million pounds of cargo and conducting thousands of delivery missions for the U.S. Marine Corps, the Lockheed Martin and Kaman Aerospace Corporation K-MAX cargo unmanned aircraft system has returned ...
 
 

SPEEA files age discrimination charge against Boeing

After months of investigation, the Society of Professional Engineering Employees in Aerospace, IFPTE Local 2001, charged Boeing with age discrimination. Acting on behalf of SPEEA-represented engineers, the union filed the third-party charges July 23 with the Equal Employment Opportunity Commission and the Washington State Human Rights Commission. The evidence is overwhelming that Boeing hatched...
 
 

Commercial jets push Boeing profits up 52 percent

Increased production of passenger jets helped push up Boeing’s profit by 52 percent in the second quarter, topping Wall Street’s expectations. The Chicago-based company said net income increased to $1.65 billion, or $2.24 per share, from $1.09 billion, or $1.41 per share, in the same quarter a year ago. Earnings, adjusted for non-recurring costs, came...
 

 

Comprehensive MEADS network tests demonstrate unmatched plug-and-fight missile defense capabilities

The Medium Extended Air Defense System recently completed a comprehensive system demonstration at Pratica di Mare Air Base near Rome, Italy. The two-week test demonstration included significant first-time events that were observed by several national delegations. “The outstanding result is that we have demonstrated the full range of advanced network capabilities that only MEADS can...
 
 

UTC awarded Boeing C-17 Globemaster III MRO landing gear contract

UTC Aerospace Systems has been selected by Boeing to continue to provide landing gear system maintenance services in support of the U.S. Air Force fleet of the Boeing C-17 Globemaster III aircraft. Included as part of the agreement, the company will work with Hill Air Force Base personnel in Ogden, Utah, to jointly manage the...
 
 
Lockheed Martin photograph by Beth Groom

First two Australian F-35s roll out of factory

Lockheed Martin photograph by Beth Groom Royal Australian Air Force Air Marshal Geoff Brown delivers his remarks at the roll out ceremony for Australia’s first F-35. A ceremony was held July 24 at Lockheed Martin in Fort Wort...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>