by Douglas Messier
Managing Editor
The Glasgow Prestwick Airport has secured a government investment of £80 million ($104.8 million) to develop as a spaceport.
Glasgow Prestwick Airport Secures £80 Million to Develop Spaceport
Tag: UTC
Trump Threatens Boeing Air Force One Contract After CEO Criticizes Trade Policies
Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!
— Donald J. Trump (@realDonaldTrump) December 6, 2016
In what could be a preview of things to come, Donald Trump today threatened The Boeing Company with the cancellation of a $3 billion U.S. Air Force contract to replace the fleet of Air Force One aircraft.
NASA Announces Advanced Composite Research Partnership
WASHINGTON (NASA PR) — NASA has selected six companies from five U.S. states to participate in a government-and-industry partnership to advance composite materials research and certification.
The companies are:
- Bell Helicopter Textron Inc. of Fort Worth, Texas
- GE Aviation of Cincinnati
- Lockheed Martin Aeronautics Company of Palmdale, Calif.
- Northrop Grumman Aerospace Systems of Redondo Beach, Calif.
- Boeing Research & Technology of St. Louis
- United Technologies Corporation and subsidiary Pratt & Whitney of Hartford, Conn.
GenCorp Completes Acquisition of Pratt & Whitney Rocketdyne from UTC
SACRAMENTO, Calif. (GenCorp PR) – GenCorp Inc. (NYSE: GY) announced today that it has completed the acquisition of substantially all operations of the Pratt & Whitney Rocketdyne business (Rocketdyne) from United Technologies Corporation (NYSE:UTX). GenCorp will combine Rocketdyne with Aerojet-General Corporation (Aerojet), a wholly-owned subsidiary of GenCorp, and the combined businesses will operate as Aerojet Rocketdyne, Inc., headquartered in Sacramento, California.
As part of the Rocketdyne transaction, GenCorp will acquire UTC’s 50% interest in the RD Amross joint venture following receipt of Russian regulatory approvals.
UTC Creates New Aerospace Systems Unit with Goodrich Acquisition
United Technologies Corporation has created a new UTC Aerospace Systems business unit by acquiring aerospace parts maker Goodrich Corporation and combining it with UTC’s Hamilton Sundstrand Space Systems, which has been making spacesuits, life-support equipment and other components for America’s space program for nearly 50 years.
To finance its Goodrich acquisition, UTC has agreed to sell Pratt & Whitney Rocketdyne to GenCorp (owner of Aerojet) for $550 million. The company will also sell its Hamilton Sundstrand Industrial unit to BC Partners and The Carlyle Group for $3.46 billion. The industrial unit manufactures highly engineered, mission-critical pumps and compressors for the global industrial, infrastructure and energy markets.