GenCorp's Aerojet (GY) Awarded U.S. Missile Defense Agency Contract
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Aerojet, a GenCorp (NYSE: GY) company, has been awarded a contract for the Kill Vehicle (KV) Commonality Pathfinder Divert and Attitude Control System (DACS) from the U.S. Missile Defense Agency (MDA).
The Aerojet propulsion system is designed to control the KV by firing individual thrusters to control the KV while homing for an intercept with a ballistic missile or its warhead. Under this contract, Aerojet will design, build and integrate a test KV DACS in order to increase government understanding of contractor DACS development capabilities and component technical maturity.
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.
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