Profile: GenCorp Inc (GY)

GY on New York Consolidated

18.34USD
26 Dec 2014
Price Change (% chg)

$0.14 (+0.77%)
Prev Close
$18.20
Open
$18.25
Day's High
$18.38
Day's Low
$18.10
Volume
92,574
Avg. Vol
466,638
52-wk High
$19.77
52-wk Low
$15.11

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GenCorp Inc., incorporated in 1915, is a manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long range weapon systems applications. The Company operates in two segments: Aerospace and Defense, and Real Estate. Its defense system products include liquid, solid, and air-breathing propulsion systems and components. Its space system products include liquid, solid, and electric propulsion systems and components. In June 2013, United Technologies Corp announced it has closed on the sale of substantially all operations of its Pratt & Whitney Rocketdyne unit to GenCorp Inc.

Aerospace and Defense

Aerojet-General Corporation (Aerojet) is a supplier of both composite and metallic aerospace structural components, and warhead and armament systems for precision tactical and long range weapon applications. Product applications for its defense systems include strike missiles, missile defense systems, maneuvering propulsion systems, war-fighting systems, and specialty metal products. Product platform applications for space systems include expendable and reusable launch vehicles, transatmospheric vehicles, manned and unmanned spacecraft, separation and maneuvering systems, upper stage engines, satellites, large solid boosters, and integrated propulsion subsystems. Its principal customers include the United States Department of Defense (DoD), the National Aeronautics and Space Administration (NASA), Raytheon Company (Raytheon), Lockheed Martin Corporation (Lockheed Martin), United Launch Alliance (ULA), Orbital Sciences Corporation and the Boeing Company (Boeing).

Real Estate

As of November 30, 2011, the Company owned approximately 12,200 acres of land in the Sacramento metropolitan area, which it refers to as the Sacramento Land. During the fiscal year ended November 30, 2011, the Company leased approximately 303,000 square feet of office space in Sacramento to various third parties. It also owns approximately 580 acres of land in Chino Hills, California. Easton Development Company, LLC, a wholly owned subsidiary, executes entitlement and pre-development activities.

The Company competes with Alliant Techsystems Inc., American Pacific Corporation, European Aeronautics Defense and Space Company, BAE Systems, Avio S.p.A, Moog Inc., Northrop Grumman Corporation, United Technologies Corporation, Safran, SpaceX and Nammo Talley.

Company Address

GenCorp Inc

2001 AEROJET ROAD
RANCHO CORDOVA   CA   95742
P: +1916.3554000
F: +1302.6555049

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