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.


 
 

 
GPS-OCX

GPS III, OCX successfully demonstrate key satellite command, control capabilities

Lockheed Martin and Raytheon successfully completed the fourth of five planned launch and early orbit exercises to demonstrate new automation capabilities, information assurance and launch readiness of the worldís most powerfu...
 
 

Aerojet Rocketdyne successfully demonstrates 3D printed rocket propulsion system for satellites

Aerojet Rocketdyne has successfully completed a hot-fire test of its MPS-120 CubeSat High-Impulse Adaptable Modular Propulsion System. The MPS-120 is the first 3D-printed hydrazine integrated propulsion system and is designed to provide propulsion for CubeSats, enabling missions not previously available to these tiny satellites. The project was funded out of the NASA Office of Chief...
 
 

Boeing breaks ground in St. Louis for new composites center

Boeing Dec. 16 began construction in St. Louis of a new 367,000-square-foot facility in which it will build parts for the newest member of its 777 commercial airplanes family, the 777X.  About 700 new jobs will be created for the 777X work. Construction should be complete in 2016, with work on 777X wing and empennage...
 

 

Raytheon, Bell conduct first missile launch from V-22

Raytheon and Bell Helicopter have completed two successful launches of the Griffin B missile from a Bell Boeing V-22 Osprey multi-mission aircraft at Yuma Proving Ground, Ariz. As an industry funded effort with Bell’s Xworx, Raytheon demonstrated the simplicity of integrating the Griffin B missile onto the V-22 platform. “This is the first time a...
 
 

Raytheon gallium nitride technology validated for space applications

Satellites may soon carry Raytheon’s Gallium Nitride technology into Earth orbit. Raytheon has successfully validated its GaN Monolithic Microwave Integrated Circuit technology for use in space-bound equipment. Raytheon GaN MMICs, fabricated at its Andover, Massachusetts foundry, demonstrated the radiation hardness required for space through Single Event Burn-out and Total Ionizing Dose t...
 
 
Air Force photograph by A1C Alexander Guerrero

317th AG delivers during massive JFE

Air Force photograph by A1C Alexander Guerrero Eleven C-130H Herculesí from various Air National Guard units and thirteen C-130J Super Herculesí from the 317th Airlift Group at Dyess Air Force Base, Texas, prepare to take off...
 




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>