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Business/Financial

With DoD Backing, FTC Drops Concerns And Approves GenCorp Acquisition Of Rocketdyne

Defense Daily Staff

Wednesday, June 12th, 2013

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Despite concerns that GenCorp Inc.’s [GY] pending acquisition of United Technologies Corp.’s [UTX] Rocketdyne division will create a monopoly for a certain type of missile defense propulsion system, the Federal Trade Commission (FTC) on Monday unanimously approved the deal after the Defense Department said there are national security and industrial base benefits to be gained from the merger. The $550 million acquisition was announced in July 2012 but the FTC later said it had antitrust concerns related to the Liquid…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]