United Tech Launches Debt Recovery By Selling Rocketdyne For $550M – ValueWalk Premium

United Tech Launches Debt Recovery By Selling Rocketdyne For $550M

Rocketdyne, a high-tech business which is the world’s largest manufacturer of liquid-fuelled rocket propulsion systems, and belongs to United Technologies Corporation (NYSE:UTX), has been sold to GenCorp Inc. (NYSE:GY) for $550 million, according to a report by Reuters.

The move by United Tech, is a part of its on . . .

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