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Business/Financial

GenCorp To Divest Liquid Divert And Attitude Controls Business As Part Of Rocketdyne Deal

Defense Daily Staff

Thursday, January 10th, 2013

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GenCorp Inc. [GY] said Tuesday evening that it is preparing to sell its Liquid Divert and Attitude Controls (LDACS) businesses to comply with federal antitrust requirements as part of the company’s pending acquisition of United Technologies Corp.’s [UTX] rocket engine business. GenCorp said that it has received a modification to the request for additional information from the Federal Trade Commission (FTC) related to its acquisition of Rocketdyne from UTC’s Pratt & Whitney division. The FTC’s investigation of the deal is…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

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Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

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As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]