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Business/Financial

Aerojet Forming Subsidiary To Expand Business In Europe

Defense Daily Staff

Tuesday, July 10th, 2012

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GenCorp’s [GY] Aerojet division yesterday said it is entering the final stages of establishing a European subsidiary for it to develop and produce space thrusters, space propulsion and related products to customers in Europe’s growing space market. Aerojet has signed a memorandum of understanding with Thales UK, which will be a major subcontractor to Aerojet, to help establish the manufacturing and assembly facilities and capabilities in Northern Ireland for the European Space Propulsion, Ltd., subsidiary. Thales UK is a division…

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