Aerojet Rocketdyne and Florida Turbine Technologies Announce Engineering Service Agreement

SACRAMENTO, Calif., May 15, 2015 – Aerojet Rocketdyne (NYSE: AJRD) and Florida Turbine Technologies, Inc. (FTT) announced today that they have entered into a new service agreement for FTT to supply Aerojet Rocketdyne with aerospace propulsion engineering services.

“We are pleased to take this new step forward in our relationship with FTT, which we regard as one of the top propulsion engineering firms in our industry,” said Scott Seymour, president and CEO of Aerojet Rocketdyne. Shirley Brostmeyer, FTT’s CEO, added, “We are excited to continue our work for Aerojet Rocketdyne and look forward to the opportunity to assist Aerojet Rocketdyne’s first-rate rocket engine development team.”

About Aerojet Rocketdyne
Aerojet Rocketdyne is a diversified company delivering innovative solutions that create value for its customers in the aerospace and defense, and real estate markets. The company is a world-recognized aerospace and defense leader that provides propulsion and energetics to the space, missile defense and strategic systems, tactical systems and armaments areas, in support of domestic and international markets. Additional information about Aerojet Rocketdyne can be obtained by visiting our websites at www.Rocket.com and www.AerojetRocketdyne.com.

About Florida Turbine Technologies, Inc.
FTT specializes in the development of affordable next-generation turbomachinery systems and components for aircraft engines, space propulsion, and power. The FTT office in Jupiter Florida benefits from over 4000 man-years of turbine industry specific development experience. Additional information about FTT can be obtained by visiting the company’s website at www.fttinc.com.