Results tagged “Gencorp”

The Federal Trade Commission has closed its investigation into the proposed acquisition of rocket engine manufacturer Pratt & Whitney Rocketdyne by aerospace company GenCorp Inc. Although the FTC concluded that the deal will give GenCorp a monopoly in the market for a type of advanced missile defense interceptor propulsion system, the Commission decided not to challenge the transaction, primarily because the Department of Defense wishes to see the transaction go forward for national security reasons.

Aerojet, a GenCorp (GY) company, announced today that it has entered the final planning of the formation of a European subsidiary to serve the needs of the European space industry. The new company, European Space Propulsion, will use indigenous manufacturing and engineering talent to produce proven in-space thrusters and propulsion systems.

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