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Aerojet Announces Arrow Electronics Agreement



Aerojet Announces Arrow Electronics Agreement

SACRAMENTO, Calif., Nov. 20, 2012 (GLOBE NEWSWIRE) -- Aerojet, a GenCorp
(NYSE:GY) company, announced today the signing of a multi-year master
agreement with Arrow Electronics. The agreement covers procurement of
approximately 65 percent of Aerojet's electronic component requirements.

Arrow Electronics is a global provider of products, services and solutions to
industrial and commercial users of electronic components and enterprise
computing solutions with 2011 sales of $21.4 billion. Arrow Zeus, its
broadline division, is a provider of components and value-added services with
a dedicated sales team that is focused exclusively on servicing the needs of
the aerospace and defense customer base.

"The major benefit provided by this competitive agreement is Arrow's leveraged
buying power, as well as the efficiencies that will result from using
significantly fewer suppliers," said Aerojet Supply Chain Vice President, Hal
Martin. "By teaming with Arrow, Aerojet will realize significant annualized
savings."

The agreement concentrates on the procurement of parts to a single distributor
and, over the course of the agreement, should result in an approximate 30
percent reduction in the number of electronic component suppliers used across
all of Aerojet's sites. Additionally, Arrow has a robust counterfeit part risk
mitigation program in place which will support all customer and
industry-driven requirements.

"Both Aerojet and Arrow Electronics serve a global network to help our
customers achieve mission success," said Aerojet President Warren Boley. "This
is a great partnership and I look forward to seeing the value of this
teamwork."

Aerojet is a world-recognized aerospace and defense leader providing
propulsion and energetics to the space, missile defense, strategic, tactical
missile and armaments areas in support of domestic and international markets.
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' websites at www.Aerojet.com and at
www.GenCorp.com.

The Aerojet logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12048

CONTACT: Glenn Mahone, Aerojet, 202.302.9941
         Glenn.Mahone@Aerojet.com
         Kristin Conner, Aerojet, 916.355.2143
         Kristin.Conner@Aerojet.com

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