A PYMNTS Company

US: Rocket defense co agrees to sell assets to complete merger

By  |  January 9, 2013

Aerospace and defense company Aerojet has agreed to sell part of its business to remedy concerns by the Federal Trade Commission over its plans to buy Rocketdyne, a rocket engine and production company. According to reports, the FTC was concerned that the merger would lead to too much of a concentration of LDACS technology, so Aerojet has agreed to sell its LDACS businesses. LDACS, or Liquid Divert and Attitude Control Systems, is a technology of steering mechanisms used on defensive rockets to close-in on a target.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: Sacramento Business Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.