Aerojet Wins Contract to Develop Propulsion System for Future Space Cargo Vehicles


Aerojet, a GenCorp Inc. company, announced today that it won a multi-year contract from NASA's Exploration Systems Mission Directorate to design, build, test and deliver a 600kW Hall Thruster electric propulsion system to power future cargo transport vehicles to the Moon and mars. The contract is valued at $32.4 million (including all options).

When the new system is delivered to NASA, Aerojet's work will represent a 30-fold increase in total power and thrust delivered over current state-of- the-art systems, which are approximately 18kW. An additional benefit of the Aerojet Hall Thruster system is the significant reduction of propellant mass. The system will require approximately one-third the propellant of equivalent propulsion systems. Industry studies predict a vehicle mass savings of up to 30 metric tons.

"Aerojet is a world leader in the development of new electric and chemical propulsion technologies for space applications," said Aerojet President Michael Martin. "This contract win strengthens Aerojet's position as NASA's supplier of enabling propulsion technology and the propulsion provider of choice for the return to the Moon and further exploration of Mars."

Aerojet is teamed with Lockheed Martin Missiles and Space, NASA Glenn Research Center (GRC) and Colorado Power Electronics, Inc. on the program. Using NASA GRC's design for a 150kW Hall Thruster, Aerojet's system will include four thrusters, four power processors, a xenon propellant feed system and a thermal management subsystem. The program -- which consists of a 12- month first phase and 3-year second phase -- will culminate in a full-power integrated test.

Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, and defense and armaments markets. GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate business segment that includes activities related to the development, sale and leasing of the Company's 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 Statements

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.

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