Aerojet Awarded Contract for Research and Technology in Aerospace Propulsion
SACRAMENTO, Calif. (April 13, 2010) - Aerojet, a GenCorp (NYSE: GY) company, announced today that NASA Glenn Research Center has awarded the company a five-year Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract to provide NASA with its space propulsion system technologies, including cryogenic and electric propulsion for spacecraft.
Aerojet is one of five companies to be awarded a contract - potentially worth up to $50 million - to support NASA's research and technology activities. A key to Aerojet's award was forming a team that was capable of meeting diverse NASA needs. Members of the Aerojet team include: Ball Aerospace, Boeing, Florida Turbine Technologies, Inc., Gray Research, Lockheed Martin and United Launch Alliance. Key small business team members include: Alphaport of Cleveland, Ohio; Easi of Houston, Texas; ElectroDynamic Applications, Inc. (EDA) of Ann Arbor, Mich.; and IN-Space LLC of West Lafayette, Ind.
Each of the five IDIQ contract awards provides for fixed price, cost share and cost reimbursement competitive tasks with a maximum value of $50 million throughout the next five years.
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:
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