Aerojet makes $2 billion offer for Lockheed-Boeing joint venture: sources, Reuters “Aerojet Rocketdyne Holdings Inc has submitted a $2 billion offer to buy United Launch Alliance (ULA), a spacecraft launch services provider that is a joint venture of Lockheed Martin Corp and Boeing Co, according to sources familiar with the matter. Aerojet Rocketdyne board member Warren Lichtenstein, the chairman and chief executive of Steel Partners LLC, approached ULA President Tory […]
Rocket companies hope to repurpose Saturn 5 engines, Spaceflight Now “Dynetics and Pratt & Whitney Rocketdyne announced Wednesday they are teaming up to resurrect the Saturn 5 rocket’s mighty F-1 engine to power NASA’s planned heavy-lift launch vehicle, saying the Apollo-era engine will offer significantly more performance than solid-fueled boosters currently under development.” NASA Will Explore F-1 Upgrade For Heavy Lifter, Aviation Week “The powerful rocket engine developed in the […]
GenCorp Enters into Definitive Agreement to Acquire Pratt & Whitney Rocketdyne from United Technologies Corporation “GenCorp Inc. (NYSE: GY), headquartered in Sacramento, California, announced today that it has signed a definitive agreement to acquire Pratt & Whitney Rocketdyne (PWR) from United Technologies Corporation (NYSE: UTX) for $550 million. “We see great strategic value in this transaction for the country, our customers, partner supply base and our shareholders,” GenCorp Chief Executive […]
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 […]
Keith’s 11 June note: Industry sources report that Chase Bank has led a group that has bought (or is seekng ot buy) venerable rocket engine manufacturer Rocketdyne from Pratt & Whitney and that Mike Griffin will be the new CEO. Stay tuned for more details. Keith’s 12 June update: Industry sources now speak of Rocketdyne as having been bought by Goodrich while others claim it has been bought EADS. Others […]
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 […]
Pratt & Whitney Rocketdyne Joins the Commercial Spaceflight Federation, Endorses NASA’s New Direction “The Commercial Spaceflight Federation is pleased to announce that Pratt & Whitney Rocketdyne has joined the Federation as an Associate Member. With 3,100 employees across Florida, California, Alabama, and Mississippi, including more than 1,800 employees in Southern California, the company is a leading provider of propulsion and power systems for space flight.”
