This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Aerojet Awarded Green Propulsion Technology Demonstration Mission Contract

Stocks in this article: GY

SACRAMENTO, Calif., Oct. 16, 2012 (GLOBE NEWSWIRE) -- Aerojet, a GenCorp (NYSE:GY) company, announced today that it will demonstrate a reduced toxicity monopropellant blend that offers improved performance and simplified handling processes over hydrazine, the traditional propellant choice for spacecraft.

Under contract to Ball Aerospace & Technologies Corp. of Boulder, Colo., Aerojet will perform the technology demonstration mission, known as the Green Propellant Infusion Mission, or GPIM, for NASA's Space Technology Program.

"NASA is seeking new, reduced toxicity high performance green propellants as an alternative to hydrazine in order to make propellant handling safer for ground crews, as well as to reduce mission cost and enable new application opportunities," said Aerojet Vice President of Advanced Programs, Marshall Cousineau. "Aerojet recently achieved a significant technical breakthrough in our thruster technology that supports the GPIM project and offers a path to replace hydrazine for next-generation spacecraft."

The propellant, known as AF-M315E, is a Hydroxyl Ammonium Nitrate (HAN) fuel/oxidizer blend developed by the Air Force Research Laboratory (AFRL) that offers nearly 50 percent higher performance for a given propellant tank volume, compared to a standard hydrazine system, and can be mission-enabling for space-constrained satellites.

Ball Aerospace will have overall responsibility for the GPIM that builds on two decades of technology development funded by AFRL, NASA and Aerojet. GPIM culminates with a demonstration mission and Aerojet will be responsible for leveraging previous development and test activities into thoroughly tested flight designs, integration of the rocket engine assemblies into a propulsion system, and supporting Ball throughout the fueling, launch and flight phases.

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

company logo

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs