Thursday, May 3, 2012

UT eyes one Rocketdyne buyer

United Technologies' talks to sell its Rocketdyne space unit are focused on one possible buyer, the head of the company's Pratt & Whitney engine unit told Reuters. UT in March put up for sale Rocketdyne, which makes engines for space programs. It's part of an effort to avoid selling new common shares to fund its $16.5 billion pending takeover of aerospace components maker Goodrich Corp. (Source: Reuters, 05/02/12) Gulf Coast note: Rocketdyne has an operation at Stennis Space Center, Miss.; Goodrich has an operation in Foley, Ala.; UT unit Sikorsky has an operation in Pensacola, Fla.