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Russian Approval Might Challenge Aerojet Rocketdyne Acquiring Part Of RD AMROSS

Gally Articola

Monday, July 1st, 2013

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Russian regulatory approval of Aerojet Rocketdyne acquiring its 50 percent stake in Russian rocket motor manufacturer RD AMROSS from United Technologies Corp. [UTX] could be a challenge, according to the new head of Aerojet Rocketdyne. Warren Boley, who was named CEO of GenCorp’s [GY] new Aerojet Rocketdyne division, said in a conference call that he was “bullish” on approval, but that it wasn’t guaranteed. “I think the long pole in the tent will be getting Russian government approval for the change of control,” Boley said. …

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