Aerojet Announces Maintenance, Repair and Operations Management Agreement

Aerojet Announces Maintenance, Repair and Operations Management Agreement

SACRAMENTO, Calif., Dec. 13, 2012 (GLOBE NEWSWIRE) -- Aerojet, a GenCorp
(NYSE:GY) company, announced today the recent signing of a multi-year master
agreement with Storeroom Solutions, Inc. (SSI) to deploy a flexible,
integrated supply chain service model for all maintenance, repair and
operations (MRO) material requirements across the enterprise. This alliance
will unify all operating site locations and aggregate the total spend under a
single enterprise Management Services Agreement.

SSI is a full-service provider of indirect materials management and is the
fastest growing independent 3PMRO supply specialist in the country. SSI
combines decades of experience and a passion for customer service with
cutting-edge technology. Their best-in-class sourcing, inventory management
and storeroom operations service model delivers the total solution –
procurement, stocking, monitoring, staffing and storeroom management.

"The SSI agreement is another example of Aerojet's Supply Chain/Materiel
Management strategy of enterprise-wide supply agreements that drive
affordability and efficiency for the company," said Aerojet Supply Chain Vice
President, Hal Martin.

The major benefit provided by this competitive agreement is SSI's leveraged
buying power, as well as the efficiencies that will result from using
significantly fewer suppliers. Additional benefits include reduced material
costs, improved inventory management (control, accuracy, optimization and
integration with maintenance), 100 percent availability of critical spares,
and improvements in productivity by moving parts closer to work areas (point
of use). Starting in January, Aerojet's Sacramento site will integrate into
the MRO program. Early in the first quarter of 2013, the MRO program will be
implemented simultaneously at the company's Camden, Ark., Orange, Va., Vernon,
Calif. and Redmond, Wash. sites.

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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