United Technologies Closes on Rocketdyne Deal
United Technologies Corp. (NYSE: UTX) today announced it has closed on the sale of substantially all operations of its Pratt & Whitney Rocketdyne unit to GenCorp (NYSE: GY), except for its interest in the RD Amross joint venture. This interest is expected to transfer to GenCorp following regulatory clearances in Russia. The sale of Pratt & Whitney Rocketdyne concludes UTC's major portfolio transformation activities, enabling the company to focus on its core aerospace and commercial businesses.
Click here to read the UTC press release.
Click here to visit the Aerojet Rocketdyne website.