The Mississippi Enterprise for Technology's digest of business, science and technology news from NASA's John C. Stennis Space Center, Miss.
Monday, July 23, 2012
Rocketdyne being sold to GenCorp.
United Technologies has agreed to sell Rocketdyne, currently part of Pratt and Whitney, to aerospace manufacturer GenCorp Inc. for $550 million. Rocketdyne, based in Canoga Park, Calif., and the world's largest maker of liquid-fueled rocket propulsion systems, will nearly double GenCorp's size. GenCorp also ownes Aerojet, which produces solid-fuel rocket motors. Rocketdyne is one of three units UT put on the block in an effort to fund the manufacturer's $16.5 billion takeover of Goodrich Corp. of Charlotte, N.C. (Sources: PRNewswire, Reuters, 07/23/12) Rocketdyne has an operation at Stennis Space Center, Miss., that assembles and tests rocket engines. Aerojet engines are tested at SSC.