SACRAMENTO, Calif., May 14 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp company, has been awarded the Large Class (LC) Stage II Technology Demonstration contract from the U.S. Air Force's 526th ICBM Systems Group. The program is worth just over $46M over a three-year period and includes delivery of a Stage II asset for flight demonstration.
Aerojet's large solid motor heritage with the Air Force spans nearly 40 years. The company has designed, developed and produced the second stage of every U.S. Air Force strategic launch vehicle ever fielded or flown: Minuteman I, II and III; Peacekeeper and Small ICBM.
The LC Stage II award will provide the Air Force with a modern 92-in. diameter upper stage motor that can be used for a variety of future launch applications including strategic deterrence, conventional strike and rapid space response. "The Large Class Stage II Technology Demonstration Program is destined to become another example of the outstanding teamwork between Aerojet and the Air Force. We look forward to continuing this tradition of excellence with the development of the next generation of solid upper stage systems," says Vice President of Defense Programs, Dick Bregard.
Aerojet's approach for the LC Stage II Demonstration effort will use industry-wide capabilities including those at Aerojet's Sacramento facility and at its critical suppliers. Key features of the motor include a composite case fabricated with domestically supplied graphite fiber, a low-cost movable nozzle with electrical-mechanical thrust vector control actuators and robust production-based propellant. Mark Kaufman, executive director of Strategic Propulsion Programs, commented, "Aerojet's proposal was structured to provide the best overall value to our Air Force customer. Our broad-based program plan will deliver a modernized upper stage solid rocket motor to the Air Force and will help sustain key propulsion industry suppliers for long-term value to the U.S. government."
Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, defense and armaments markets. GenCorp is a leading 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. 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 Statement:
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.
Aerojet
CONTACT: Glenn Mahone, +1-202-302-9941, Glenn.Mahone@Aerojet.com, or
Kristin Conner, +1-916-355-2143, Kristin.Conner@Aerojet.com, both of Aerojet
Web Site: http://www.aerojet.com/
http://www.gencorp.com/
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