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Photo Release -- Aerojet And Daicel Mark 50 Years Of Partnership

Stocks in this article: GY

SACRAMENTO, Calif., Sept. 17, 2012 (GLOBE NEWSWIRE) -- Aerojet, a GenCorp (NYSE:GY) company, and Daicel, a Japanese defense corporation, marked 50 years of partnership today with the planting of a cherry blossom tree at Aerojet's headquarters in Sacramento.

Cherry Tree
Michael Bright of Aerojet and Dr. Kazuo Katayama of Daicel honor 50 years of company partnership with the planting of a cherry blossom tree at Aerojet headquarters in Sacramento.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14715

Aerojet first teamed with Daicel in 1962 on a technology transfer and a licensing agreement for Aeroplex, a styrene-based propellant used in Aerojet's Jet-Assisted Take-Off (JATO) rockets. JATO rockets led to increased pilot safety by enabling heavily laden aircraft to take off from short runways and carrier decks.

"As a Japanese symbol of good luck and representation of life and vitality, the cherry blossom we plant today is a reminder of the friendship and partnership between our two companies," said Aerojet Vice President of Missile Defense & Strategic Systems, Michael Bright. "Today, we honor our past, commemorate the present and look forward to a bright future with Japan."

Throughout the past 50 years, Aerojet and Daicel have teamed on a variety of technology transfer programs, including HAWK, NIKE warhead, AIM-73 Sparrow rocket motor, MAXPAC ejection seat thrusters and PAC-3 attitude control motors. Along with defense work, Aerojet's history with Japan also encompasses many successes with space exploration initiatives, including providing propulsion for Japan's H-II Transfer Vehicle that resupplies the International Space Station.

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