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Russian Approval Might Challenge Aerojet Rocketdyne Acquiring Part Of RD AMROSS

Russian regulatory approval of Aerojet Rocketdyne acquiring its 50 percent stake in Russian rocket motor manufacturer RD AMROSS from United Technologies Corp. [UTX] could be a challenge, according to the new head of Aerojet Rocketdyne. Warren Boley, who was named CEO of GenCorp’s [GY] new Aerojet Rocketdyne division Monday, said yesterday in a conference call that he was “bullish” on approval, but that it wasn’t guaranteed. The historic launch of Orbital's Antares vehicle in April used Aerojet's dual AJ26 main…

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Congress Updates

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