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Aerojet Wins AIA Worker Safety Improvement Award
SACRAMENTO, Calif., June 7, 2006 -- Aerojet, a GenCorp Inc. (NYSE: GY) company, announced today that it has received the Aerospace Industry Association's (AIA) Worker Safety Improvement Award for the greatest reduction in injuries and illnesses from 2004-2005.
Raytheon was the other award winner, earning the 2005 AIA Worker Safety Leadership Award for the lowest total incident rate in the remaining three categories -- Aircraft, Space Vehicles, and Aerospace Components.
The AIA Environment, Safety, and Health Committee established these awards last year as a way to recognize outstanding member companies and encourage further improvement. It also encourages companies to share health and safety data as well as best practices.
"Aerojet is very proud of this achievement," said Aerojet President Scott Neish. "Providing a safe work environment is the most important obligation a company has to its employees and their families. We will continue to raise the bar as we build upon this significant accomplishment."
For worker safety improvement, the committee looked at the Occupational Safety and Health Administration (OSHA) method, which includes incident rate, lost workday case rate and lost workday rate, and calculated the average percentage reduction from 2004-2005. A total of 18 AIA member companies submitted health and safety data for consideration.
Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion 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 entitlement, sale, and leasing of the Company's excess 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.
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