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Aerojet Rocketdyne Receives Prestigious Award for Program Affordability From Key Customer Raytheon

SACRAMENTO, Calif., April 13, 2015 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, a GenCorp (NYSE:GY) company, announced that it received an award for exceptional performance in the area of affordability from prime customer Raytheon at a recent supplier conference.

Raytheon recognized Aerojet Rocketdyne with a Special Award for Excellence in Affordability at the 2015 Supplier Excellence Conference in Boston, Mass., on March 31. Special Awards are Raytheon's highest achievement awards which recognize suppliers in four categories; Technical, Business Management, Partnership and Affordability. Suppliers awarded this honor have demonstrated exceptional performance and have gone above and beyond in their pursuit to support Raytheon.

"We are truly honored to have earned this recognition from Raytheon, a valued customer of ours for more than 50 years," said Aerojet Rocketdyne President and CEO Scott Seymour, who accepted the award on behalf of the company. "Together we have developed products vital to our nation's defense and the protection of our allies. We made a commitment to Raytheon and to the government to improve the affordability of those products and I'm proud to see that our hard work and dedication have been recognized."

Aerojet Rocketdyne is a world-recognized aerospace and defense leader providing propulsion and energetics to the space, missile defense and strategic systems, tactical systems and armaments areas, in support of domestic and international markets. GenCorp is a diversified company that provides innovative solutions that create value for its customers in the aerospace and defense, and real estate markets. Additional information about Aerojet Rocketdyne and GenCorp can be obtained by visiting the companies' websites at www.Rocket.com and www.GenCorp.com.

CONTACT: Glenn Mahone, Aerojet Rocketdyne, 202-302-9941 Glenn.Mahone@Rocket.com Lynn Machon, Aerojet Rocketdyne, 916-355-3587 Lynn.Machon@Rocket.com

Source:Aerojet Rocketdyne