Boeing sells Rocketdyne division
Boeing sold its Rocketdyne Propulsion & Power division to United Technologies on Tuesday in a deal reportedly valued at $700 million.
An article in the Los Angeles Daily News covers the story.
Rocketdyne has a storied history, having built rocket engines for NASA for decades. The company built the main engines for the space shuttles, and the F-1 engines for the Apollo moon program's Saturn V rocket.
Rocketdyne was originally a part of Rockwell International, which sold its space business to Boeing in 1996. That deal helped push Boeing into a leading role in the space sector, when previously they had concentrated on aircraft.
The acquisition by United Technologies is considered a good fit. Its division, Pratt & Whitney, is a leading manufacturer of aircraft engines, and Rocketdyne should complement its business.
An article in the Los Angeles Daily News covers the story.
Rocketdyne has a storied history, having built rocket engines for NASA for decades. The company built the main engines for the space shuttles, and the F-1 engines for the Apollo moon program's Saturn V rocket.
Rocketdyne was originally a part of Rockwell International, which sold its space business to Boeing in 1996. That deal helped push Boeing into a leading role in the space sector, when previously they had concentrated on aircraft.
The acquisition by United Technologies is considered a good fit. Its division, Pratt & Whitney, is a leading manufacturer of aircraft engines, and Rocketdyne should complement its business.
posted by Administrator @ 7:44 PM
0 Comments:
Post a Comment
<< Home