A PYMNTS Company

US: Rocket defense co agrees to sell assets to complete merger

By  |  January 9, 2013

Aerospace and defense company Aerojet has agreed to sell part of its business to remedy concerns by the Federal Trade Commission over its plans to buy Rocketdyne, a rocket engine and production company. According to reports, the FTC was concerned that the merger would lead to too much of a concentration of LDACS technology, so Aerojet has agreed to sell its LDACS businesses. LDACS, or Liquid Divert and Attitude Control Systems, is a technology of steering mechanisms used on defensive rockets to close-in on a target.

 

Full Content: Sacramento Business Journal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.