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 ...
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