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Rocketdyne being sold – Boeing is rumored as buyer
Posted March 30, 2012 by
United Technologies Corp CEO Louis Chenevert confirmed March 15 that UTC is selling its Pratt & Whitney Rocketdyne subsidiary. The sale reflects UTC’s assessment that future rocket engine procurements are slowing down, in response to defense spending and NASA refocusing. But perhaps more so because UTC needs to raise $16.5 billion to complete its purchase…