Aerojet makes $133 million acquisition

Manufacturing News, Source : TheManufacturer.com
Published : 20 Oct 2003 17:08

Sacramento, CA-based aerospace and defense company Aerojet, has completed the acquisition of the Gainesville, VA-based propulsion business of Atlantic Research Corp. (ARC) for $133 million.

ARC is a leading developer and manufacturer of advanced solid rocket propulsion systems, gas generators and auxiliary rocket motors for both space and defense applications.

With the acquisition, Aerojet becomes the second leading provider in the $1.3 billion domestic solid propulsion marketplace and a market leader in the tactical missile propulsion segment of that market.

ARC's propulsion and defense business also has facilities in Orange County, VA; Camden, AR; Vernon, CA; Clearfield, UT; Niagara, NY; and the United Kingdom.

Aerojet is a subsidiary of GenCorp Inc. ARC is a subsidiary of Sequa Corp.

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