Market Overview

Aerojet

  • Aerojet, BA, GY, M&A, NASA, News

    GenCorp Buys Rocketdyne for $550 Million

    Tuesday, July 24, 2012 - 8:30am

    GenCorp (NYSE: GY), a manufacturer of aerospace and defense products and systems, has acquired Rocketdyne, the rocket engine manufacturing business, for $550 million. According to the LA Times, the deal is the latest move to see the aerospace industry further consolidated, as GenCorp also owns...

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  • Aerojet, BA, F-35, GR, GY, LMT

    United Technologies to Sell Rocketdyne

    Thursday, July 19, 2012 - 2:00pm

    Diversified industrial company United Technologies (NYSE: UTX) is set to sell its Rocketdyne unit to Gencorp (NYSE: GY), people familiar with the matter disclosed to Reuters Thursday. The sale is the latest effort from United Technologies to divest non-core assets as it completes its $16.5 billion...

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