GenCorp Receives Modification to FTC's Second Request in Connection With the Proposed Acquisition of Pratt & Whitney Rocketdyne

Tue Jan 8, 2013 7:49pm EST

* Reuters is not responsible for the content in this press release.

SACRAMENTO, Calif., Jan. 8, 2013 (GLOBE NEWSWIRE) -- GenCorp Inc. (NYSE:GY), headquartered in
Sacramento, California, announced today that it has received a modification to the request for
additional information ("Second Request") from the Federal Trade Commission ("FTC") in connection
with the Company's proposed acquisition of Pratt & Whitney Rocketdyne from United Technologies
Corporation (NYSE:UTX). The modification excludes large and medium liquid rocket engines for
launch vehicles and spacecraft from the scope of the FTC's investigation of the proposed
acquisition. United Technologies has received a similar modification to the Second Request letter
it received.

At this time, the FTC's investigation of the proposed acquisition is limited to the Liquid Divert
and Attitude Control Systems ("LDACS") businesses of the Company and United Technologies. The
Company is in the process of preparing its LDACS business for sale to facilitate an expeditious
completion of the FTC's investigation.

The Company expects to continue working cooperatively with the FTC as it conducts its review of
the proposed acquisition.

Completion of the transaction is subject to the satisfaction of customary closing conditions,
including required regulatory approvals. The Company expects the acquisition to close in the first
half of 2013.

Forward-Looking Statements

This press release contains "forward-looking statements" as that term is defined in the U.S.
Private Securities Litigation Reform Act of 1995. No forward-looking statement can be guaranteed,
and actual results may differ materially from those projected depending on a number of risks,
uncertainties and other factors such as business climate, economic and competitive uncertainties,
adverse legal and regulatory developments, and adverse changes in economic and political climates
around the world. Such risks, uncertainties and other factors include, among other things: the
possibility that the expected efficiencies and cost savings from the proposed transaction will not
be realized, or will not be realized within the expected time period; the ability to obtain
governmental approvals of the transaction on the proposed terms and schedule contemplated by the
parties; and the possibility that the proposed transaction does not close, including, but not
limited to, due to the failure to satisfy the closing conditions. Forward-looking statements in
this document should be evaluated together with the many factors that affect GenCorp's business as
described in more detail in GenCorp's Form 10-K for the year ended November 30, 2011, and any
subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S.
Securities and Exchange Commission.

About GenCorp

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. Aerojet is a world-recognized aerospace and defense
leader providing propulsion and energetics to its space, missile defense, strategic, tactical
missile and armaments customers throughout domestic and international markets. Additional
information about GenCorp and Aerojet can be obtained by visiting the companies' websites at
 and at

The GenCorp Inc. logo is available at

CONTACT: Investors:
         Kathy Redd, chief financial officer
         Glenn Mahone, vice president, communications