Despite the fact that the deal creates a monopoly for certain advanced propulsion systems, the Federal Trade Commission (FTC) said June 11 that it will not challenge GenCorp’s acquisition of Pratt & Whitney Rocketdyne for about $550 million. Approval was given “primarily because the Department of Defense wishes to see the transaction go forward for national security reasons,” the FTC said. Both GenCorp’s Aerojet-General subsidiary and Rocketdyne develop and manufacture ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "Gencorp's Rocketdyne Acquisition Wins Reluctant Approval".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.