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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

Congress Needed Pentagon’s Iran Supplemental Request ‘Yesterday,’ HASC’s Wittman Says

A senior member of the House Armed Services Committee (HASC) said Wednesday that Congress needed the Pentagon’s Iran supplemental funding request “yesterday,” noting the ongoing lack of details from the […]

Space

Space Force Eyes Nearly $1.5 Billion for Space Data Network Backbone in Future Reconciliation Bill

The U.S. Space Force (USSF) plans to request nearly $1.5 billion for the Space Data Network (SDN) Backbone in a future fiscal 2027 reconciliation bill. Last week, Space Force’s Space […]

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]