Aerojet Rocketdyne Receives Prestigious Defense Industry Award From Precision Strike Association

SACRAMENTO, Calif., March 18, 2014 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, a GenCorp (NYSE: GY) company, today announced that a team consisting of the United States Air Force (USAF), Lawrence Livermore National Labs (LLNL) and Aerojet Rocketdyne received the William J. Perry Award from the Precision Strike Association (PSA) for its work on BLU-129/B Precision Lethality MK-82 munition for the USAF.

BLU-129/B was developed and fielded in response to a Joint Urgent Operational Need and in collaboration with the USAF and LLNL. It is a carbon-fiber composite body air-to-ground weapon that provides very low collateral damage, thereby reducing risk to friendly ground troops and non-combatants. The recognition event took place this afternoon during the 2014 Precision Strike Annual Review (PSAR-14) in Springfield, Va.

The William J. Perry Award is named in honor of former Secretary of Defense Dr. William J. Perry and recognizes exceptional contributions to precision strike systems in the private or public sector by an individual or team. Criteria for selection include level of contribution to the defense of the United States; industry leadership; impact felt by the warfighter; effectiveness as a team; innovation or technological advance; and affordability.

"We are proud to be recognized for our part in providing a state-of-the-art weapon that significantly increases the combat capabilities of our warfighters," said Aerojet Rocketdyne President Warren M. Boley, Jr. "Protecting and empowering our troops is an important part of what we do every day, and we're proud of the success of our missile defense products."

Aerojet Rocketdyne is a world-recognized aerospace and defense leader providing propulsion and energetics to the space, missile defense, strategic, tactical missile, and armaments areas in support of domestic and international markets. GenCorp is a diversified company providing innovative solutions to its customers in the aerospace and defense, and real estate markets. Additional information about Aerojet Rocketdyne and GenCorp can be obtained by visiting the companies' websites at www.Rocket.com and www.GenCorp.com.

CONTACT: Glenn Mahone, Aerojet Rocketdyne, 202.302.9941
         [email protected]
         Kristin Conner, Aerojet Rocketdyne, 916.355.2143
         [email protected]

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