Photo Release -- Aerojet Recognizes Local Engineer for Technical Innovation

Photo Release -- Aerojet Recognizes Local Engineer for Technical Innovation

SACRAMENTO, Calif., Dec. 5, 2012 (GLOBE NEWSWIRE) -- Aerojet, a GenCorp
(NYSE:GY) company, announced today that Technical Principal Dr. Gary Luke was
presented with the R.B. Young Technical Innovation Award at an award ceremony
held Monday night, Dec. 3, in Luke's honor.

R.B Young Technical Innovation Award
 Aerojet Technical Principal Dr. Gary
 Luke (left) is presented with the R.B
 Young Technical Innovation Award by
 Aerojet President Warren Boley at a
 special ceremony held Dec. 3, 2012.

A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16121

Luke received the award for his development of a Transient Energy Management &
Performance (TEMP) Code, a multidimensional physics-based "branching" computer
code used to analyze complex 3D systems. "TEMP significantly and
cost-effectively enhances Aerojet's modeling capabilities and is applicable to
a wide array of current and future products," said Aerojet President Warren
Boley. "We're extremely proud to have innovative leaders such as Gary on our
team."

The R.B. Young Technical Innovation Award was established in 1983 and is the
highest technical achievement award given at Aerojet. The award is named after
former Aerojet Vice President and General Manager Bob Young. Acknowledged by
renowned rocket scientist Wernher von Braun as "one of the great pioneers in
rocket engine development," Young helped build Aerojet from a small
engineering company into one of the nation's leading aerospace and defense
contractors. Throughout his 36 years at Aerojet, until his death in 1979, he
helped explore virtually every kind of rocket propulsion known (liquid, solid,
nuclear and even more exotic forms of fuel). As a result, Young helped expand
America's space and defense capabilities.

"Gary exemplifies the creative spirit and dedication of all Aerojet
employees," said Aerojet Vice President of Engineering Marvin Young. "His
innovation significantly advances the state-of-the-art of physics-based rocket
propulsion modeling."

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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