Aerojet Employees Make 2012 a Year of Giving

Aerojet Employees Make 2012 a Year of Giving

SACRAMENTO, Calif., Jan. 9, 2013 (GLOBE NEWSWIRE) -- Aerojet, a GenCorp
(NYSE:GY) company, announced today that its employees across the country
rallied to provide assistance following the devastation of Hurricane Sandy
last October. Aided with a dollar-for-dollar match by the GenCorp Foundation,
Aerojet contributions to the American Red Cross and The Salvation Army for
Hurricane Sandy disaster relief efforts totaled $22,160.

"The entire Aerojet family is humbled to be able to help those in need," said
Aerojet Vice President of Human Resources, Elizabeth Zacharias. "Service and
volunteerism are part of our culture. Our employees want to give back to the
community and, as an organization, it is our responsibility to help maximize
their investments."

Last year, Aerojet employees logged more than 11,000 hours volunteering at 52
nonprofit organizations and schools, making a $230,000 total value community
impact. The GenCorp Foundation contributed $40,500 to those same organizations
to help further their missions.

Along with helping employees access diverse volunteering opportunities,
Aerojet contributes ten $250 donations quarterly to randomly selected
charities and schools where employees volunteer their time and talents.
Recently, through the Aerojet Delivers employee giving campaign, employees
pledged more than $385,000 through payroll deductions to more than 587
charities and schools. The GenCorp Foundation's Educational Gift Matching
Program also matches employee financial gifts to education. In 2012, employees
gave $107,872 to K-12 schools and universities which were then matched,
dollar-for-dollar, by the GenCorp Foundation.

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 http://www.Aerojet.com and
http://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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