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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