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Aerojet Selected by Air Force as Finalist to Develop New Booster Engine
SACRAMENTO, Calif., Dec. 4, 2006 Aerojet, a GenCorp Inc. (NYSE: GY) company, announced today the company was selected to negotiate a contract award totaling $109 million from the Air Force Research Laboratory Propulsion Directorate (AFRLPR)at Edwards Air Force Base, Calif. to develop a new hydrocarbon booster engine technology demonstrator for Air Force launch systems.
Aerojet and teammate Florida Turbine Technologies will design, fabricate and deliver a reusable hydrocarbon booster technology demonstration engine that will provide the Air Force with a launch propulsion system capable of delivering highly operable and responsive space access.
“Aerojet has been a mainstay provider of propulsion systems to the Air Force for more than fifty years,” said Aerojet President Scott Neish.
“We look forward to collaborating with the AFRL to showcase how advancements we’ve made with new and innovative engine technologies will enable increased mission performance and flexibility while reducing the cost of the operations.”
Aerojet is a world recognized aerospace and defense leader principally serving the missile and space propulsion markets. GenCorp is a leading technology based provider 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 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.
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