Trump Threatens Boeing Air Force One Contract After CEO Criticizes Trade Policies

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.

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NASA Announces Advanced Composite Research Partnership

Boeing composite tank
Boeing composite tank

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.

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GenCorp Completes Acquisition of Pratt & Whitney Rocketdyne from UTC

pratt_whitneySACRAMENTO, 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.

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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.

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