Lagrange 5

waypoint to the past, present, and future of space

Wednesday, February 23, 2005

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.


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