the closing must be soon, rocketdyne just laid off another 1-200 people. not much more than a shell at this point, sitting in very expensive buildings that areojet has to lease until they can consolidate/layoff more.
drnuclear2008, are the new rocketdyne layoffs all admin, or are these line people? Layoffs at this point really don't make sense in either case, as aerojet can't call the shots until after closing, and, imo, based on the 8-k, there is some risk for getting the deal closed, or at least delayed. Did Rocketdyne lose a contract or something?
thaad missile defense support is about 10% of each company, spinning it off wouldnt be hard since BAE systems would like it.
This whole deal seems like a setup since aerojet cant really afford it. It looks like UTX asked their favorite banks to set up a buyer in the first place, which they did, and it fell through, aerojet was the backup, if it falls through then some other buyer will be found. who wouldnt want to buy an aerospace company for $50 million down?
Impressive drnuclear2008! Well, it looks like they will need to divest LDACS. Why was there (presumably) no antitrust issue with large and medium liquid rocket engines? Isn't that the reason for the deal? Who will be the other 2 suppliers of rocket engines that allow for this deal's liquid rocket engine consolidation?