Aerojet Hires Dr. James A. Drakes as Executive Director, Advanced Programs

SACRAMENTO, Calif., July 6, 2011 – Aerojet, a GenCorp (NYSE:GY) company, announced that Dr. James A. Drakes joined Aerojet today as an executive director of Advanced Programs in the Business Development department. Drakes will be responsible for developing new growth opportunities for the company through advanced technologies.

He has previously held key positions in the aerospace industry, most recently as Director of Optical Systems and Technology at Photon Research Associates Inc./Raytheon, and previously at Ball Aerospace and Technologies Corporation and Sverdrup Technology, Inc./AEDC Group. Jim also served as a Director of Engineering for Aerojet in 2005 at its Gainesville location.

“Jim rejoins us bringing unique technical and program experience,” said Vice President of Advanced Programs, Farid Khadduri. “He will be a key asset as we develop strategies for new areas of growth.”

“It is a pleasure to have Jim join our team,” said Aerojet’s Vice President of Business Development, Rick Yezzi. “He will be instrumental in Aerojet’s new business focus.”

Jim holds a Ph.D. and Master of Science degrees in Physics from the University of Tennessee and a Bachelor of Science in Physics from the University of Dayton. He and his wife Kim live in Occoquan, Va.

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.