United Technologies Closes on Rocketdyne Deal

United Technologies Corp. today announced it has closed on the sale of substantially all operations of its Pratt & Whitney Rocketdyne unit to GenCorp (NYSE: GY), except for its interest in the RD Amross joint venture. This interest is expected to transfer to GenCorp following regulatory clearances in Russia. The sale of Pratt & Whitney Rocketdyne concludes UTC’s major portfolio transformation activities, enabling the company to focus on its core aerospace and commercial businesses.