Aerospace Group:

Business/Financial

With DoD Backing, FTC Drops Concerns And Approves GenCorp Acquisition Of Rocketdyne

Defense Daily Staff

Wednesday, June 12th, 2013

SHARE:

Despite concerns that GenCorp Inc.’s [GY] pending acquisition of United Technologies Corp.’s [UTX] Rocketdyne division will create a monopoly for a certain type of missile defense propulsion system, the Federal Trade Commission (FTC) on Monday unanimously approved the deal after the Defense Department said there are national security and industrial base benefits to be gained from the merger. The $550 million acquisition was announced in July 2012 but the FTC later said it had antitrust concerns related to the Liquid…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]