P&W Might Sell Rocketdyne

Pratt might jettison Rocketdyne, CTpost.com
“With support to explore outer space waning in Congress, Pratt & Whitney’s president said the company is considering a sale of its Rocketdynedivision. David Hess, president of East Hartford-based Pratt & Whitney, told reporters at Reuters annual Aerospace and Defense Summit, that Pratt had fielded interest in the California rocket-makingdivision. Later, Hess clarified that the sale was not imminent, but was a possible option, matching comments by a local analyst that does not expect Pratt to let the company go at a bargainprice.”