Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Aerojet Named NASA Glenn Research Center's Large Business Prime Contractor Of The Year

Stock quotes in this article: GY 

SACRAMENTO, Calif., Nov. 4, 2011 /PRNewswire/ -- Aerojet, a GenCorp (NYSE: GY) company, was named NASA Glenn Research Center's Large Business Prime Contractor of the Year for its commitment to small business advancement during a five-year effort to create liquid methane propulsion engines.

Aerojet was recognized at NASA's 2011 Small Business Industry Awards ceremony in Herndon, Va. for delivering engines that met or exceeded all requirements while also exceeding small business outreach goals.

NASA awarded Aerojet a contract in 2006 to develop a Reaction Control Engine (RCE) for use with liquid oxygen/liquid methane propellants. In 2008, NASA awarded Aerojet another contract to develop a liquid oxygen/liquid methane Ascent Main Engine. Both these developments were critical risk reduction programs that demonstrate new propellant technology for deep space exploration missions.

"The Aerojet team went from a blank sheet to our first RCE test in just 14 months and our lightweight thruster has demonstrated the viability of cryogenic liquid oxygen liquid methane reaction control engines for deep space missions," said Eric Veith, Aerojet program manager.

As part of this work, Aerojet was creative in meeting NASA's small business requirements by fostering partnerships and tailoring engine development work scope. The company employed interns through a program that helps fulfill NASA and Department of Defense (DoD) small business Historically Black Colleges and Universities requirements. The company also used its onsite staffing agency that focuses on using small businesses to fill temporary staffing needs for engineers and consultants. Aerojet plans to participate in NASA and DoD mentor-protege programs and to continue engagement through community business outreach efforts.

"We executed pioneering liquid oxygen and liquid methane rocket engine development and maintained our commitment to helping small businesses," said Veith.

Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, defense and armaments 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.

SOURCE Aerojet

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,354.40 121.18 0.80%
NASDAQ 3,498.97 33.73 0.97%
S&P 500 1,667.47 17.00 1.03%
US 10 Yr 1.949% +0.084

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs