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Aerojet Rocketdyne And Fakel Announce Expansion Of Teaming Agreement For Low-Power Hall Thrusters

SACRAMENTO, Calif., June 18, 2013 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, a GenCorp (NYSE:GY) company, and Experimental Design Bureau (EDB) Fakel of Kaliningrad, Russia, announced today at the Paris Air Show the signing of an extension to the teaming agreement between the two companies.

The agreement provides Aerojet Rocketdyne with the right to market and sell Fakel's low-power Hall thrusters (<1.5kW) in the United States market.

"This teaming agreement combines Fakel's flight-proven, low-power Hall thrusters with Aerojet Rocketdyne's flight proven, high-power Hall systems to enable Aerojet Rocketdyne-provided Hall solar electric propulsion system solutions in the United States market," said Roger Myers, Aerojet Rocketdyne executive director, Systems and Technology Development. "This will enable us to cover the full power spectrum needs of our customers."

Fakel is the world's leading supplier of low-power Hall thrusters with more than 408 thrusters flown to date. Aerojet Rocketdyne is the world's leading supplier of in-space propulsion systems with more than 16,000 flight engines (chemical and electric) flown to date.

This teaming agreement enables supply of Fakel's industry-leading, low-power Hall thruster products and explores the addition of thruster orientation mechanisms into the U.S. market. Fakel also is a supplier of monopropellant thrusters that produce a thrust range of 0.1 to 10 N. More than 3,100 such monopropellant thrusters produced by Fakel have been installed on Russian spacecraft.

Additional information about EDB Fakel can be obtained by visiting the company's website at http://www.fakel-russia.com .

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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