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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…

Congress

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Space

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Congress

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Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

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