Boeing sells Rocketdyne Propulsion and Power business to Pratt & Whitney (United Technologies)
- Seller
- Boeing
- Buyer
- Pratt and Whitney
Scope: Rocketdyne Propulsion and Power business (liquid rocket engines)
Renamed Pratt & Whitney Rocketdyne after the sale.
Event context
Boeing announced the sale of its Rocketdyne Propulsion and Power business (rocket engines, sites in CA, AL, MS, FL) to United Technologies Corporation's Pratt & Whitney division on Feb 22, 2005 for approximately $700 million cash; the sale closed August 2, 2005 and the unit was renamed Pratt & Whitney Rocketdyne. Confirmed via Boeing newsroom press releases and contemporaneous trade press (Military Aerospace).