Is GenCorp (Aerojet) Buying Rocketdyne?

United Tech in talks to sell Rocketdyne to GenCorp, Reuters

"United Technologies Corp (UTX) is in final discussions to sell its Rocketdyne business to GenCorp Inc (GY), a maker of aerospace propulsion systems, two people familiar with the matter said on Wednesday. The deal, which may come late this week or early next week according to one of the sources, represents part of the diversified U.S. conglomerate's efforts to divest non-core units and focus on closing its $16.5 billion acquisition of aircraft component maker Goodrich Corp (GR)."

Keith's note: GenCorp is the parent company of Aerojet.

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This page contains a single entry by Keith Cowing published on July 19, 2012 1:44 AM.

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