July 16, 2012 at 14:47 PM EDT
NASA Selects Aerojet for Space Launch System Advanced Booster Engineering Demonstration / Risk Reduction Negotiations

SACRAMENTO, Calif., July 16, 2012 (GLOBE NEWSWIRE) -- Aerojet, a GenCorp company (NYSE:GY), announced today that it was one of a number of firms selected to develop engineering demonstrations and risk reduction concepts for NASA's Space Launch System (SLS).

Aerojet's "Full-Scale Combustion Stability Demonstration" solution was geared at improving the affordability, reliability and performance of an advanced booster for SLS. This selection is expected to result in a firm-fixed price contract with a period of performance beginning on or about Oct. 1, 2012 and ending on March 31, 2015.

Designed to be flexible for spacecraft launch, including NASA's Orion multipurpose vehicle which relies in part on Aerojet propulsion, SLS's evolved configuration will require an advanced booster with a significant increase in thrust from exisiting U.S. liquid and solid rocket boosters.

NASA's Marshall Space Flight Center manages the SLS program for the agency.

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' websites at http://www.Aerojet.com and at www.gencorp.com.

The Aerojet logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12048

CONTACT: Glenn Mahone, Aerojet, 202.302.9941
         Glenn.Mahone@Aerojet.com
         
         Kristin Conner, Aerojet, 916.355.2143
         Kristin.Conner@Aerojet.com
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