Aerospace Group:

Business/Financial

GenCorp Completes Acquisition Of Rocketdyne

Defense Daily Staff

Monday, June 17th, 2013

SHARE:

Following the Federal Trade Commission’s approval early last week, GenCorp [GY] on Friday said it has completed its $550 million acquisition of the Rocketdyne business unit from United Technologies Corp. [UTX]. Rocketdyne will be combined with GenCorp’s existing rocket engine and missile propulsion business Aerojet to form Aerojet Rocketdyne, which will be headquartered in Sacramento, Calif. As part of the transaction GenCorp will acquire UTC’s 50 percent interest in the RD AMROSS joint venture following receipt of Russian regulatory approvals.…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]