Key Developments: GenCorp Inc (GY)

GY on New York Consolidated

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22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

GenCorp Inc's Aerojet Rocketdyne secures defense contract for scale additive manufacturing
Monday, 18 Aug 2014 12:17pm EDT 

GenCorp Inc's Aerojet Rocketdyne:Says it was recently awarded a contract by Wright-Patterson Air Force Base through the Defense Production Act Title III Office for additive manufacturing development and demonstration.Contract will secure multiple selective laser melting machines to develop liquid rocket engine applications for national security space launch services.Aerojet Rocketdyne and its subcontractors will design and develop larger scale parts to be converted from conventional manufacturing to additive manufacturing (3D printing).  Full Article

GenCorp Inc's Aerojet Rocketdyne and Dynetics announce strategic partnership for advanced aerospace technologies and systems
Monday, 19 May 2014 12:05pm EDT 

GenCorp Inc:Aerojet Rocketdyne (AR), a GenCorp company, and Dynetics enters into strategic partnership in Huntsville, Ala to enhance collaboration in aerospace technologies and systems.  Full Article

Gencorp Inc's Aerojet Rocketdyne receives contract to develop propulsion technology for CubeSats
Tuesday, 8 Apr 2014 05:40pm EDT 

Gencorp Inc:Aerojet Rocketdyne, a GenCorp company receives contract from Flight Opportunities Program Office at Armstrong Flight Test Center.To develop propulsion technology for miniature satellites that could possibly lower cost and accelerate mission schedules.  Full Article

Gencorp Inc Successfully Tests second stage solid rocket motor
Wednesday, 12 Feb 2014 06:59pm EST 

Gencorp Inc:Announced that its Large Class 92" diameter second stage solid rocket motor was successfully tested at simulated altitude conditions at the Arnold Engineering and Development Complex (AEDC) at Arnold AFB, Tenn.  Full Article

Gencorp Inc announces share repurchase program
Friday, 7 Feb 2014 08:55am EST 

Gencorp Inc:Says a share repurchase program of up to $75 mln.  Full Article

USAF awards Aerojet Rocketdyne stage III demonstration contract
Monday, 2 Dec 2013 04:15pm EST 

Gencorp Inc:Says its Aerojet Rocketdyne has been awarded a contract under the Air Force Nuclear Weapons Center Propulsion Applications Program to demonstrate a Medium Class Stage III motor with propulsion technologies that are applicable to multiple future common strategic propulsion systems.Says the contract includes development, fabrication and demonstration of a full-scale motor that is designed to replace the aging SR-73 third stage motors in the current Minuteman III Intercontinental Ballistic Missile.Says a full scale static test of the motor including thrust termination demonstration is planned.  Full Article

United Technologies Corp Closes Sale Of Substantially All Operations Of Pratt & Whitney Rocketdyne Unit To Gencorp Inc
Friday, 14 Jun 2013 01:20pm EDT 

United Technologies Corp announced it has closed on the sale of substantially all operations of its Pratt & Whitney Rocketdyne unit to Gencorp Inc, except for its interest in the RD Amross joint venture. This interest is expected to transfer to GenCorp following regulatory clearances in Russia. The sale of Pratt & Whitney Rocketdyne concludes UTC's portfolio transformation activities, enabling the Company to focus on its core aerospace and commercial businesses.  Full Article

Gencorp Inc Announces Closing of $460 million Second-Priority Senior Secured Notes Offering
Monday, 28 Jan 2013 04:15pm EST 

Gencorp Inc announced that it has closed the offering of $460 million aggregate principal amount of its 7.125% Second-Priority Senior Secured Notes due 2021 (the "Notes"). The Notes were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in accordance with Regulation S under the Securities Act. United Technologies Corporation's Pratt & Whitney Rocketdyne business (the "Acquisition") announced on July 23, 2012, and to pay related fees and expenses. The gross proceeds from the Notes offering have been deposited into escrow pending the consummation of the proposed Acquisition. If the Acquisition is not consummated on or prior to July 21, 2013 (subject to a one-month extension upon satisfaction of certain conditions) or upon the occurrence of certain other events, GenCorp will be required to redeem the Notes at a price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest, if any, to, but not including the date of redemption.  Full Article

Gencorp Inc Announces Pricing Of $460 million Second-Priority Senior Secured Notes
Friday, 18 Jan 2013 04:43pm EST 

Gencorp Inc announced that it has priced an offering of $460 million aggregate principal amount of its 7.125% Second-Priority Senior Secured Notes due 2021 (the Notes). The Notes will be sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States in accordance with Regulation S under the Securities Act. GenCorp expects the offering to close on January 28, 2013, subject to customary closing conditions. GenCorp intends to use the net proceeds of the Notes offering to fund, in part, the proposed acquisition of United Technologies Corporation's Pratt & Whitney Rocketdyne business (the Acquisition) announced on July 23, 2012, and to pay related fees and expenses. The gross proceeds from the Notes offering will be deposited into escrow pending the consummation of the proposed Acquisition. If the Acquisition is not consummated on or prior to July 21, 2013 (subject to a one-month extension upon satisfaction of certain conditions) or upon the occurrence of certain other events, GenCorp will be required to redeem the Notes at a price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest, if any, to, but not including the date of redemption.  Full Article

Gencorp Inc Announces Proposed Offering Of Second-Priority Senior Secured Notes due 2021
Monday, 14 Jan 2013 07:00am EST 

Gencorp Inc announced that it intends to offer, subject to market and other conditions, $460.0 million aggregate principal amount of Second-Priority Senior Secured Notes due 2021 (the Notes) in a private placement. GenCorp intends to use the net proceeds of the Notes offering to fund, in part, the proposed acquisition of United Technologies Corporation's Pratt & Whitney Rocketdyne business (the Acquisition) announced on July 23, 2012, and to pay related fees and expenses. The gross proceeds from the Notes offering will be deposited into escrow pending the consummation of the proposed Acquisition. If the Acquisition is not consummated on or prior to July 21, 2013 (subject to a one-month extension upon satisfaction of certain conditions) or upon the occurrence of certain other events, GenCorp will be required to redeem the Notes at a price equal to 100% of the issue price of the Notes, plus accrued and unpaid interest, if any, to, but not including the date of redemption.  Full Article

GenCorp investigating engine failure in testing

COLORADO SPRINGS, Colo., May 23 - Aerojet Rocketdyne, a unit of GenCorp, said on Friday it was investigating the failure of one of its AJ26 rocket engines during "hot-fire" testing Thursday at NASA's Stennis Space Center in Mississippi.

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