Aerojet Rocketdyne Welcomes Paul K. Meyer as Senior Vice President

Aerojet Rocketdyne Welcomes Paul K. Meyer as Senior Vice President

SACRAMENTO, Calif., July 8, 2013 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, a
GenCorp (NYSE:GY) company, today announced that Paul Meyer will join the
company as senior vice president, Advanced Programs & Business Development.
This newly-created organization encompasses Advanced Programs, Advanced
Technology and Business Development for all of Aerojet Rocketdyne.

In his role, Meyer will serve as a key partner to the president, responsible
for leading the continued growth, diversification and transformation of the
Aerojet Rocketdyne enterprise, which currently encompasses more than 5,300
employees at 16 sites across the United States and throughout the world. Meyer
will provide a renewed focus on Strategy, Business Development and Washington
Operations, and on nurturing key customer and supplier relationships.Meyer
and his team will be responsible for filling a robust pipeline for all
business units through focused pursuits and captures in Space and Defense
Advanced Programs to achieve Aerojet Rocketdyne's goals for growth.In his
role as senior vice president, Meyer also will fulfill certain delegated
responsibilities as a deputy to the president.

"Paul brings an unparalleled level of expertise in capturing new business
through the development of new products and capabilities that meet the
evolving needs of customers," said Warren M. Boley, Jr., Aerojet Rocketdyne
president."He will be a tremendous asset to our executive leadership team and
I'm thrilled to have him on board.Paul's strategic mindset and demonstrated
track record in leveraging advanced development programs fit in nicely with
the vision we have outlined for Aerojet Rocketdyne."

Meyer has been extensively involved in the aerospace industry since 1988.
Meyer retired after 13 years at Northrop Grumman, most recently as sector vice
president and general manager of the Aerospace Systems Advanced Programs and
Technology Division. During his leadership, the company achieved the launch,
first flight, and capture of more than 15 new air and space advanced designs,
including two key commercial space ventures -- one for Sir Richard Branson's
Virgin Galactic, and the other for Paul Allen's Stratolaunch under Scaled
Composites, a Burt Rutan-founded company, integrated within his division.
Prior to joining Northrop Grumman, Meyer also served in a variety of program
management and business development roles at Lockheed Martin's Skunk Works.

Meyer holds a Bachelor of Science in Business Administration from the
University of Missouri, Columbia (MU).He also is a graduate of the University
of Southern California's Executive Management Development Program as well as a
graduate of Stanford University's Senior Executive Development Program.

Commissioned in the United States Air Force through the University, Meyer
graduated from the Air Force's Electronic Warfare Officer School, Fighter
Weapons Instructor Course and Nuclear Weapons Instructor Course.Meyer
completed 23 years of service in 2000, serving in a variety of leadership
roles during both active duty and the Air National Guard.

About Aerojet Rocketdyne

Aerojet Rocketdyne is a world-recognized aerospace and defense leader
providing propulsion and energetics to the space, missile defense, strategic,
tactical missile and armaments sectors for both domestic and international
markets.Find out more about the new Aerojet Rocketdyne at
http://www.rocket.com.

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

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