Aerojet Receives $40M U.S. Army HAWK Contract

SACRAMENTO, Calif., July 14 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp company, announced today that it received a contract worth approximately $40M to deliver HAWK rocket motors to the U.S. Army Aviation and Missile Command (AMCOM) for sale to allied countries. Deliveries to AMCOM are expected to begin in 2010.

The HAWK is a surface-to-air guided, medium-range missile that provides air defense coverage against low-to-medium-altitude aircraft. The system is currently in use by 20 allied countries around the world. "During the last 50 years, Aerojet has manufactured approximately 44,000 HAWK rocket motors for the U.S. Army and its allies," said Kevin Smith, director of programs for Missile Defense. "Aerojet is pleased to build on this legacy under this new HAWK rocket motor production contract."

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, [phone], [e-mail], or
Kristin Conner, [phone], [e-mail], both of Aerojet

Web Site: http://www.aerojet.com/
http://www.gencorp.com/

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