|
Aerojet Wins TOW Bunker Buster Warhead Contract
SACRAMENTO, Calif., Oct. 26, 2005 -- Aerojet, a GenCorp Inc. (NYSE: GY) company, has been awarded a contract with Raytheon Missile Systems to assemble, qualify and produce TOW Bunker Buster warheads. Aerojet's contract is valued at more than $8 million.
The Tube-launched, Optically Tracked, Wire-guided (TOW) Bunker Buster missile is intended to defeat urban structures and earthen bunkers on the battlefield. Aerojet's first delivery of the warhead is planned for September of 2006. Explosive loading will be accomplished at Aerojet's Camden, Ark. facility while final assembly will be conducted at the company's Socorro, N.M. facility.
In August, Aerojet announced a multi-year contract with Raytheon Missile Systems to fabricate warheads for the TOW Weapon System on the 2A and 2B missiles. Warhead production for those missiles will also be processed in Socorro, N.M.
"Aerojet is a long-standing supplier to Raytheon Missile Systems for the TOW program," said Aerojet President Michael Martin. "The Bunker Buster warhead produced by Aerojet continues the company's strong legacy as the supplier of choice for the TOW family of weapons ensuring critical offensive capability for the warfighter in the modern battlefield."
Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, and defense and armaments markets. GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate business segment that includes activities related to the development, sale and leasing of the Company's real estate assets. Additional information about Aerojet and GenCorp can be obtained by visiting the Companies' web sites at http://www.Aerojet.com and http://www.GenCorp.com .
Forward-Looking Statements
This press release contains forward-looking statements based on current management expectations. Numerous factors, including those related to market conditions and those detailed from time to time in GenCorp's filings with the Securities and Exchange Commission, may cause results to differ materially from those anticipated in the forward-looking statements. Many of the factors that will determine GenCorp's future results are beyond the ability of GenCorp to control or predict. These statements are subject to risks and uncertainties and, therefore, actual results may differ materially. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. GenCorp undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
|
