M&A Deal Summary

Aerojet Rocketdyne Acquires Pratt & Whitney Rocketdyne

On June 14, 2013, Aerojet Rocketdyne acquired aerospace company Pratt & Whitney Rocketdyne from Raytheon Technologies for 550M USD

Acquisition Highlights
  • This is Aerojet Rocketdyne’s 1st transaction in the Aerospace sector.
  • This is Aerojet Rocketdyne’s largest (disclosed) transaction.
  • This is Aerojet Rocketdyne’s 2nd transaction in the United States.
  • This is Aerojet Rocketdyne’s 1st transaction in California.

M&A Deal Summary
Date 2013-06-14
Target Pratt & Whitney Rocketdyne
Sector Aerospace
Buyer(s) Aerojet Rocketdyne
Sellers(s) Raytheon Technologies
Deal Type Divestiture
Deal Value 550M USD

Target

Pratt & Whitney Rocketdyne

Canoga Park, California, United States
Pratt & Whitney Rocketdyne, based in Canoga Park, designs and makes main engines for launch vehicles, missile defense systems and hypersonic engines.

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Buyer(S) 1

Buyer

Aerojet Rocketdyne

El Segundo, California, United States

website

Category Company
Founded 1915
Sector Aerospace
Employees4,814
Revenue 2.2B USD (2021)
DESCRIPTION

Aerojet Rocketdyne is a technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale and leasing of the Company's excess real estate assets. Aerojet Rocketdyne was formed in 1915 and is based in Rancho Cordova, California.

DEAL STATS #
Overall 2 of 3
Sector (Aerospace) 1 of 2
Type (Divestiture) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-13 AFC

Rancho Cordova, California, United States

AFC is a manufacturer of active pharmaceutical ingredients and registered intermediates for commercial customers in the pharmaceutical industry.

Sell $119M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 Coleman Aerospace

Orlando, Florida, United States

Coleman Aerospace is a provider of systems engineering, ground, space and air launch services for the aerospace industry.

Buy $15M

Seller(S) 1

SELLER

Raytheon Technologies

Waltham, Connecticut, United States

website

Category Company
Sector Diversified
Employees181,000
Revenue 56.6B USD (2020)
DESCRIPTION

Raytheon Technologies is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries.

DEAL STATS #
Overall 7 of 18
Sector (Aerospace) 2 of 4
Type (Divestiture) 7 of 16
State (California) 1 of 2
Country (United States) 6 of 16
Year (2013) 2 of 3
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-18 Goodrich Pump & Engine Control Systems

West Hartford, Connecticut, United States

Goodrich Pump & Engine Control Systems is an independent aerospace fuel system supplier for the commercial, military, helicopter and business jet markets,the company’s key products and services include electronic engine controls, fuel metering units and main fuel pumps for both the OE and aftermarket/spares end markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-28 Angus Fire

Nr Lancaster, United Kingdom

Angus Fire develops and manufactures fire hose, foam concentrates and fire fighting equipment. Angus Fire was founded in 1788 and is based in Nr Lancaster, United Kingdom.

Sell £62M
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