Jacques van Oene
August 4th 05, 01:12 PM
Boeing Completes Sale of Rocketdyne Propulsion Unit to United Technologies
St. Louis, August 3, 2005 -- The Boeing Company [NYSE: BA] announced today
the completion of its sale of its Rocketdyne Propulsion & Power business to
United Technologies Corporation [ NYSE:UTX ], effective August 2.
Boeing and United Technologies first announced the sale agreement Feb. 22,
2005, and the financial implications were disclosed with Boeing's results
for the second quarter on July 27.
Rocketdyne is primarily a rocket engine developer and builder, and provides
main engines for the Space Shuttle and the Delta family of expendable launch
vehicles, as well as propulsion systems for missile defense systems. The
sale includes sites and assets in California, Alabama, Mississippi and
Florida.
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of
the world's largest space and defense businesses. Headquartered in St.
Louis, Boeing Integrated Defense Systems is a $30.5 billion business. It
provides network-centric system solutions to its global military,
government, and commercial customers. It is a leading provider of
intelligence, surveillance and reconnaissance systems; the world's largest
military aircraft manufacturer; the world's largest satellite manufacturer
and a leading provider of space-based communications; the primary systems
integrator for U.S. missile defense; NASA's largest contractor; and a global
leader in sustainment solutions and launch services.
###
Contact:
Fernando Vivanco
562-797-4582
--
--------------
Jacques :-)
www.spacepatches.info
St. Louis, August 3, 2005 -- The Boeing Company [NYSE: BA] announced today
the completion of its sale of its Rocketdyne Propulsion & Power business to
United Technologies Corporation [ NYSE:UTX ], effective August 2.
Boeing and United Technologies first announced the sale agreement Feb. 22,
2005, and the financial implications were disclosed with Boeing's results
for the second quarter on July 27.
Rocketdyne is primarily a rocket engine developer and builder, and provides
main engines for the Space Shuttle and the Delta family of expendable launch
vehicles, as well as propulsion systems for missile defense systems. The
sale includes sites and assets in California, Alabama, Mississippi and
Florida.
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of
the world's largest space and defense businesses. Headquartered in St.
Louis, Boeing Integrated Defense Systems is a $30.5 billion business. It
provides network-centric system solutions to its global military,
government, and commercial customers. It is a leading provider of
intelligence, surveillance and reconnaissance systems; the world's largest
military aircraft manufacturer; the world's largest satellite manufacturer
and a leading provider of space-based communications; the primary systems
integrator for U.S. missile defense; NASA's largest contractor; and a global
leader in sustainment solutions and launch services.
###
Contact:
Fernando Vivanco
562-797-4582
--
--------------
Jacques :-)
www.spacepatches.info