GenCorp sells 400 acres to builder Apr 8, 2008
Elliott had previously purchased 1,100 acres from GenCorp as part of the companies' plans to develop Rio Del Oro into more than 12,000 homes and 4 million square feet of retail, office and industrial space. According to GenCorp, the company is required by the terms of its senior credit facility to use $5 million of the sale proceeds to repay outstanding principal on the company's term loan ... Development of GenCorp's real estate holdings in and near Rancho Cordova has been between the company... (Sacramento Business Journal, CA)
GenCorp: Steel Partners short term strategy in question Apr 8, 2008
GenCorp, the defense company with real estate holdings in Sacramento, California, is unlikely to turn into a short-term high return opportunity for activist shareholder Steel Partners, sources familiar with Gencorps holdings told dealReporter ... Steel Partners, which recently was granted three board seats, is likely to push for changes to maximize the value of its investment after gaining three board seats and prompting GenCorp to oust Chief Executive Terry Hall last month ... The firm has a... (FT.com -- Markets)
Aerojet Signs Ares I Upper Stage Associate Contractor's Agreement With Boeing Mar 15, 2008
March 14 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp (NYSE: ) company, has signed an Associate Contractor's Agreement (ACA) with The Boeing Company (NYSE: ) on the Ares I upper stage launch vehicle -- NASA's new space transportation system for the Orion crew vehicle ... 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... (PR Newswire)
GenCorp and Steel Partners Reach Agreement to Resolve Contested Election Mar 6, 2008
GenCorp Adds Three Steel Partners Designees to the Board; Terry Hall Steps Down as CEO, President and Director; Aerojet President Scott Neish to Serve as Interim CEO and President SACRAMENTO, Calif. and NEW YORK, March 5 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: ) and Steel Partners II, L.P. ("Steel Partners") announced today that they have entered into an agreement to settle the contest with respect to the election of directors at the upcoming annual meeting of GenCorp shareholders ...... (PR Newswire)
Aerojet Propulsion Positioned MESSENGER for Historic Mercury Flyby Image Collection Jan 31, 2008
Jan. 30 /PRNewswire/ -- Aerojet, a GenCorp (NYSE: GY) company, celebrated today that its propulsion system propelled NASA's MESSENGER spacecraft past Mercury on its historic first of three visits, preceding a planned orbital insertion in 2011 ... 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... (PR Newswire)
GenCorp stocks rise following Q4 growth Jan 25, 2008
Shares of GenCorp increased 54 cents -- or 5 ... GenCorp (NYSE: GY) manufactures aerospace and defense products at its headquarters near Rancho Cordova ... "Our aerospace and defense segment demonstrated greatly improved performance, with impressive gains in revenues and earnings in both the space and defense business sectors," Terry Hall, GenCorp president and chief executive officer, said in a news release. (Sacramento Business Journal, CA)
Aerojet Partners with GetREAL Coalition in 'Reaching the Stars' Career Technical Education Summit Jan 16, 2008
Jan. 15 /PRNewswire/ -- Aerojet, a GenCorp (NYSE: GY) company, along with former NASA astronaut Ken Reightler and Aerojet President Scott Neish, today helped launch California's first annual Career Technical Education (CTE) Summit ... 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... (PR Newswire)
MESSENGER set for historic Mercury flyby Jan 13, 2008
GenCorp Aerojet, Sacramento, Calif. and Composite Optics Inc., San Diego, Calif. (Hindu)
Norway pension fund shuns GenCorp over nukes Jan 12, 2008
The fund found that Hanwha was involved in making cluster munitions and that GenCorp and Serco had a role in producing nuclear arms ... Shares of GenCorp (NYSE: GY) closed down 37 cents -- or 3. (Sacramento Business Journal, CA)
Norway's global pension fund drops 3 weapon producers over ethics concerns Jan 12, 2008
The excluded companies are Hanwha Corporation, from South Korea; Serco Group PLC, from Britain; and GenCorp Inc. from the United States ... The two other companies, Serco of Britain and GenCorp of the United States, were excluded because the ethics council found in November that they participate in the production of nuclear weapons ... It said GenCorp did not respond to a request for comment, and that it was barred based on the ethic's council's findings that it produces components for nuclear... (San Diego Union-Tribune -- Business)
Executive of the year Jan 5, 2008
1 billion -- more than , GenCorp Inc. and combined. "For a guy 34 years old to start a company and grow it to what it is today is a pretty phenomenal thing," said Waste Connections president Steven Bouck. (Sacramento Business Journal, CA)
Aerojet Awarded $62 Million for U.S. Air Force's F-22 Raptor Program Dec 11, 2007
Dec. 10 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp (NYSE: ) company, announced today that it has been selected by The Boeing Company to provide additional forward boom ship sets, worth $62M over a three-year period, for the U.S. Air Force's F-22 Raptor program ... 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... (PR Newswire)
Aerojet Develops Innovative Reaction Control Engine Technology for NASA's Exploration Program Nov 29, 2007
Nov. 28 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp Inc. (NYSE: ) company, recently completed developmental testing of an innovative cryogenic oxygen/methane Reaction Control Engine (RCE) critical to ongoing lunar lander architectural decision making ... 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 ...... (PR Newswire)
Aerojet tests missile booster Nov 8, 2007
Shares of GenCorp dropped 43 cents -- or more than 3. 5 percent -- to $11. (Sacramento Business Journal, CA)
Aerojet's Booster Launches Successful Missile Defense THAAD Intercept Oct 30, 2007
Oct. 29 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp (NYSE: ) company, announced today that its booster launched the seventh successful interceptor for the U.S. Missile Defense Agency and Lockheed Martin's (NYSE: ) Terminal High Altitude Area Defense (THAAD) flight test program ... 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... (PR Newswire)
Aerojet Corp. Oct 23, 2007
Subcontractors include Rancho Cordova-based , a subsidiary of GenCorp Inc. (NYSE: GY), and Apex, N.C.-based CEi Inc.. Orbital won the initial development contract from the Navy in 2000 to build the supersonic sea-skimming target (SSST) missile and in 2005 completed the development phase, which included six flight tests. (Sacramento Business Journal, CA)
UC Davis Conducts 'Glass Ceiling' Study Oct 17, 2007
The aerospace company GenCorp, based in Rancho Cordova, came in at 79 with about 17 percent of women bosses, and SureWest Communications in Roseville was number 252, with fewer than 6 percent. As one of the McClatchy newspaper company's vice presidents, Lynn Dickerson oversees more than 5,000 employees at 11 regional papers in the southeastern United States. (KCRA 3, CA)
Michael T. Pavik Named Vice-President of GenCorp Real Estate Oct 10, 2007
Oct. 9 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: ) today announced that Michael T. Pavik has joined the Company as vice president of its Real Estate segment, which is pursuing entitlements for Easton, a 6,400 acre master-planned community south of Highway 50 in the eastern portion of Sacramento County. Mr. Pavik will report to Terry Hall, president and chief executive officer of GenCorp ... "I'm very excited to join the GenCorp Real Estate team." About GenCorp GenCorp is a leading... (PR Newswire)
Aerojet's Hypersonic Engine Readied for Mach 6 Flight Tests Sep 19, 2007
Sept. 18 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp (NYSE: ) company, recently completed ground testing of an advanced flight-weight combustor for the Dual Combustion Ramjet engine (DCR) on the DARPA/Navy/Boeing HyFly (Hypersonic Flight) program ... 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 ...... (PR Newswire)
Aerojet Grows Missile Defense Propulsion Business Sep 18, 2007
Sept. 17 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp (NYSE: ) company, has been awarded a $3 ... 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 and. (PR Newswire)
Cluster bombers face City boycott Aug 19, 2007
Other firms linked to the production of cluster bombs include GenCorp, whose subsidiary Aerojet produces cluster munitions for Lockheed Martin. However, a spokesman for Lockheed Martin this weekend said: 'We don't currently produce cluster bombs or any other explosive warheads used in rocket and weapon systems. (Guardian Unlimited -- Education)
GenCorp mulls partners for its planned huge subdivision Aug 18, 2007
the rocket company that's diversifying into a real estate enterprise, might be on the verge of bringing in partners for GenCorp's 2,700-acre planned Rio Del Oro subdivision ... GenCorp said "such a transaction would support the company's residential real estate entitlement effort and the implementation of its overall real estate strategy." ... GenCorp (NYSE: GY) said it is being advised on the discussions by of New York City and , a Sacramento commercial real estate brokerage. (Sacramento Business Journal, CA)
Virginia Congressman Tom Davis Visits Aerojet Jul 24, 2007
July 23 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp (NYSE: ) company, today hosted Representative Tom Davis (VA-11) on a tour of its Engineering Center of Excellence -- a premier aerospace and defense engineering facility in Virginia and the leading center of tactical motor development in the United States ... 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 entitlement,... (PR Newswire)
Business Briefs Jul 19, 2007
Jeffries, a former vice president of finance for eBay Inc. who had previously held executive positions with GenCorp, Red Herring Communications and PriceWaterhouseCoopers, resigned to return to work in the technology sector, Pacific Ethanol reported. Chief Operating Officer John Miller has been named acting chief financial officer -- a post he had also held prior to Jeffries' appointment June 4 -- until a permanent replacement is found, the company reported. (Fresno Bee -- Business)
Aerojet Welcomes Congressman Lungren to Its Aerospace and Defense Facility Jul 7, 2007
July 6 /PRNewswire-FirstCall/ -- Congressman Daniel Lungren (CA-3) yesterday experienced firsthand the strategic importance of the quality work performed at Aerojet, a GenCorp company (NYSE: ) ... 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 entitlement, sale and leasing of the company's excess real estate assets ... Additional information about Aerojet and GenCorp can... (PR Newswire)
Aerojet Demonstrates Key Advances in Controllable Solid Propulsion Rocket Motors Jun 29, 2007
June 28 /PRNewswire-FirstCall/ -- Aerojet, a GenCorp Inc. (NYSE: ) company and a core propulsion provider for NASA's new space exploration vehicle, ORION, as well as several Missile Defense Agency propulsion programs, recently conducted an internally funded test firing of large-scale controllable solid rocket motors ... 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... (PR Newswire)
GenCorp Q2 profit reaches $12.5M, shares soar Jun 28, 2007
GenCorp Q2 profit reaches $12 ... GenCorp Q2 profit reaches $12 ... Shares of GenCorp (NYSE: GY) increased 59 cents -- or 4. (Sacramento Business Journal, CA)
GenCorp completes $280M credit deal Jun 23, 2007
GenCorp (NYSE: GY) lined up an $80 million revolving line of credit maturing in June 2012, a $75 million term loan and $125 million letter of credit ... The credit is secured by much of GenCorp's real estate and virtually all its other assets ... GenCorp, based near Rancho Cordova, closed down 2 cents at $12. (Sacramento Business Journal, CA)
GenCorp Closes Amended and Restated $280 Million Senior Credit Facility Jun 22, 2007
June 21 /PRNewswire-FirstCall/ -- GenCorp Inc. ("GenCorp" or the "Company") (NYSE: ) today announced that it entered into an amended and restated $280 million senior secured credit facility with a syndicate of lenders ... Yasmin Seyal, senior vice president and chief financial officer, said, "We are pleased with the successful closing of this new credit facility which extends maturities and provides the Company with more flexibility to manage its operations and real estate assets." About GenCorp... (PR Newswire)
High Court Says Sequa Unit Can Sue To Recover Superfund Costs Jun 12, 2007
which has since been purchased by Aerojet, a unit of GenCorp Inc. (GY). The cleanup involved the removal of contamination from burnt rocket fuel in both the soil and groundwater at the industrial site. (CNNMoney.com)
GenCorp to Present at Conferences in June Jun 1, 2007
May 31 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: ) announced today that Terry Hall, president and chief executive officer, and Yasmin Seyal, senior vice president and chief financial officer, are scheduled to speak at the following conferences in June ... About GenCorp 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 entitlement, sale and leasing of the Company's real... (PR Newswire)
Pirate cuts stake in GenCorp May 26, 2007
The decision to curb its holdings comes about a year after Pirate Capital challenged GenCorp's board and had three directors backed by the private equity firm elected to the 10-member board. Pirate Capital executives also criticized GenCorp's management and said it should focus on the value of its real estate in Rancho Cordova ... 8 percent stake in GenCorp (NYSE: GY) and remains one of the largest shareholders. (Sacramento Business Journal, CA)
American Pacific turns a profit May 14, 2007
GenCorp sold the Fine Chemicals unit to American Pacific late in 2005 in a deal valued at $133 million; it now is known as Ampac Fine Chemicals. For American Pacific as a whole, revenue was up 10 percent year-over-year to $43. (Sacramento Business Journal, CA)
GenCorp to Present at Bank of America 2007 BASics/Industrials Conference May 8, 2007
May 7 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: GY) announced today that Terry Hall, president and chief executive officer, and Yasmin Seyal, senior vice president and chief financial officer, are scheduled to speak at the Bank of America 2007 BASics/Industrials Conference in New York, New York, on Thursday, May 10, 2007 at 10:00 am ET. An on-demand replay of management's presentation will be available 1 hour after the presentation time on the Company's web site at and will remain available... (PR Newswire)
Pacific Ethanol names new financial officer May 5, 2007
Jeffries, 50, has been vice president of finance and chief accounting officer for eBay Inc. since 2003, and before that held executive leadership roles in finance and technology with GenCorp, Red Herring Communications, Cardinal Health and PriceWaterhouseCoopers, Pacific Ethanol reported. Jeffries will replace William Langley, Pacific Ethanol's former chief financial officer who joined the company in April 2005 and left in December 2006. (Fresno Bee -- Business)
Aerojet completes missile motor test Apr 11, 2007
Shares of Rancho Cordova-based GenCorp (NYSE: GY) dropped 5 cents to $14. 12 in midday trading Tuesday. (Sacramento Business Journal, CA)
Former BofA executive joins GenCorp Apr 7, 2007
GenCorp (NYSE: GY) is the parent company of Aerojet and a major landowner in the Rancho Cordova area. Shares of GenCorp increased 21 cents to $14. (Sacramento Business Journal, CA)
GenCorp Names William Lau Vice President & Treasurer Apr 6, 2007
GenCorp Names William Lau Vice President urer ... GenCorp Names William Lau Vice President urer ... April 5 /PRNewswire-FirstCall/ -- Yasmin Seyal, senior vice president and CFO of GenCorp Inc. (NYSE: ), announced today that William "Bill" Lau has been named vice president and treasurer. (PR Newswire)
GenCorp reports Q1 profit on aerospace growth Mar 29, 2007
Shares of GenCorp closed at $13. 31 Wednesday. (Sacramento Business Journal, CA)
GenCorp to Webcast First Quarter 2007 Earnings Results Mar 28, 2007
March 27 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: ) announced today that its analyst conference call to discuss first quarter earnings results will be webcast live on the Internet at 2:00 p.m. Pacific (5:00 p.m. Eastern) on Wednesday, March 28, 2007 ... To hear the live or replayed conference call, look for the link on the GenCorp web site and follow the instructions provided there ... About GenCorp GenCorp is a leading technology-based manufacturer of aerospace and defense products and... (PR Newswire)
Dissident Shareholders Up Their Demands, Fuel Legal Work Mar 7, 2007
Hedge fund Steel Partners of New York recommended that Jones Day client GenCorp Inc., which makes missile propulsion technologies, add noted Delaware corporate law expert and Richards Layton lawyer R. Franklin Balotti to the board in 2005 ... -based GenCorp when Pirate sued it during the proxy fight, and on strategic direction since the board change. (Law.com)
Aerojet launches missile defense system work Mar 6, 2007
Shares of GenCorp dropped 21 cents, or almost 1. 6 percent, to $13. (Sacramento Business Journal, CA)
Aerojet Reaches for the Northern Lights Feb 24, 2007
Feb. 23 /PRNewswire-FirstCall/ - Aerojet, a GenCorp (NYSE: ) company and a world-recognized aerospace and defense leader, announced the recent successful launch of NASA's THEMIS mission aboard a United Launch Alliance Delta II rocket ... 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 entitlement, sale and leasing of the company's excess real estate assets ... Additional... (PR Newswire)
Icahn unloads stake in GenCorp Feb 18, 2007
Shares of GenCorp closed down by 24 cents -- about 1 ... GenCorp (NYSE: GY) is the parent company of ... GenCorp has nearly 56 million shares outstanding. (Sacramento Business Journal, CA)
GenCorp to separate chairman and CEO roles Feb 17, 2007
"GenCorp is committed to the ongoing identification and adoption of corporate governance best practices, and today's action aligns us with the growing number of pubic companies that have separated the chairman and chief executive officer roles.". Rancho Cordova-based GenCorp (NYSE: GY) is the parent company of. (Sacramento Business Journal, CA)
Icahn Takes Some Time Out Of His Portfolio Feb 16, 2007
In the SEC filing, Icahn Managment also said it sold its entire stake in Gencorp (nyse: - - ), about 987,000 shares, its 2. 2 million shares of Wyndham Worldwide (nyse: - - ), its 3. (Forbes -- Markets)
GenCorp Announces Receipt of $29.7 Million From American Pacific Corporation Feb 7, 2007
GenCorp Announces Receipt of $29 ... GenCorp Announces Receipt of $29 ... Feb. 6 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: ) today announced receipt of $29. (PR Newswire)
GenCorp gains $29M from divestiture Feb 7, 2007
The sale was part of GenCorp's (NYSE: GY) efforts to narrow its focus to aerospace and defense work and developing some of its massive real estate holdings in Sacramento County near Rancho Cordova ... American Pacific also released GenCorp from certain divestiture liabilities. (Sacramento Business Journal, CA)
2005 sale of its fine chemicals unit Feb 7, 2007
GenCorp completes sale of fine chemicals unit - Sacramento Business Journal ... GenCorp completes sale of fine chemicals unit ... GenCorp announced Wednesday that it has completed the sale of its Aerojet Fine Chemicals unit to American Pacific Corp.. (Sacramento Business Journal, CA)
Purdy to step down as GenCorp VP Feb 1, 2007
at Rancho Cordova-based GenCorp, the parent company of , in March 2002. According to documents filed with the Securities and Exchange Commission, Purdy will remain at his current salary until April 1, 2008, when he will earn $17,500 a month until June 30, 2008. (Sacramento Business Journal, CA)
GenCorp curbs annual, Q4 losses Jan 23, 2007
Aerospace and defense contractor GenCorp Inc. on Monday announced dramatically lower annual and fourth-quarter losses ... GenCorp's fourth-quarter revenue dropped to $167 ... For the year, GenCorp (NYSE: GY) had an annual loss of $38. (Sacramento Business Journal, CA)
Campaign TV-Ad Restrictions, Finance Rules Draw U.S. Supreme Court Review Jan 20, 2007
The justices said they will decide whether spacecraft-parts maker GenCorp Inc. can sue the federal government for a share of the cost of cleaning up a contaminated Arkansas site. -- Agreed to decide whether foreign countries can be sued for unpaid property taxes. (Bloomberg -- US)
GenCorp to Webcast 2006 Fourth Quarter and Year End Earnings Results Jan 18, 2007
Jan. 17 /PRNewswire-FirstCall/ -- GenCorp Inc. (NYSE: ) announced today that its analyst conference call to discuss 2006 fourth quarter and year end earnings results will be webcast live on the Internet at 8:00 a.m. Pacific (11:00 a.m. Eastern) on Monday, January 22, 2007 ... To hear the live or replayed conference call, look for the link on the GenCorp web site and follow the instructions provided there ... About GenCorp GenCorp is a leading technology-based manufacturer of aerospace and... (PR Newswire)
