GenCorp Inc. (GY) Friday said it has completed the acquisition of the Pratt & Whitney Rocketdyne business from United Technologies Corp., or UTC (UTX).
Rocketdyne will combine with Aerojet-General Corp., a subsidiary of GenCorp., and jointly operate as Aerojet Rocketdyne, Inc., headquartered in Sacramento, California.
As part of the Rocketdyne transaction, GenCorp will acquire UTC's 50 percent interest in the RD Amross joint venture following receipt of Russian regulatory approvals.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.