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Russian Approval Might Challenge Aerojet Rocketdyne Acquiring Part Of RD AMROSS

Wednesday, June 19th, 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 Monday, said yesterday in a conference call that he was “bullish” on approval, but that it wasn’t guaranteed. The historic launch of Orbital's Antares vehicle in April used Aerojet's dual AJ26 main…

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Congress

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