|Traded as||NYSE: GY|
|Industry||Aerospace and defense and Real Estate.|
|Headquarters||Rancho Cordova, California|
|Key people||J. Scott Seymour, President and Chief Executive Officer|
|Revenue||$795.40 million (2009)|
|Net income||$59.3 million (2009)|
|This section requires expansion. (April 2013)|
Name change 
The name change was implemented in 1984 when GenCorp was formed as a parent holding company for General Tire's various businesses. Its main subsidiaries were General Tire; broadcaster RKO General; Diversitech General, a manufacturer of tennis balls and polymer products including automotive soundproofing and home wallpapers; and defense contractor Aerojet. Through its RKO General subsidiary, the company also held a stake in Frontier Airlines; RKO bottlers, which operated Pepsi-Cola distributorships; and several resorts and hotels, including the Westward Look resort in Tucson, Arizona.
Faced with a hostile takeover attempt, GenCorp shed some of its long-held units in the late 1980s. The company sold RKO General's broadcast properties beginning in 1987, after protracted license renewal proceedings that stemmed from widespread lying to advertisers and regulators. GenCorp also sold its former flagship, General Tire, to German tire maker Continental AG in order to concentrate on Aerojet. In 1999, GenCorp spun off its Decorative & Building Products and Performance Chemicals businesses into a separate, publicly traded company called OMNOVA Solutions, Inc.
In July 2012, GenCorp agreed to buy rocket engine producer Pratt & Whitney Rocketdyne from United Technologies Corporation for $550 million. The sale has been delayed pending the Federal Trade Commission's (FTC) approval, and is expected to be completed by the first half of 2013. 
Real Estate 
In the mid-1900s, Aerojet-General Corporation acquired approximately 12,600 acres (51 km2) of land in Eastern Sacramento County. Aerojet converted these former gold fields into one of the premier rocket manufacturing and testing facilities in the free world. However, most of this land was used to provide safe buffer zones for Aerojet's testing and manufacturing operations.
Located 15 miles (24 km) northeast of Sacramento along Highway 50, a key growth corridor in the region, approximately 6,000 acres (24 km2) of the Aerojet lands are now being planned as a community called Easton. Easton Development Company LLC was formed to assist in the process.
Pension And Bond Problems 
||This section may require cleanup to meet Wikipedia's quality standards. (February 2010)|
GenCorp withdrew its over-funded pension during the real estate boom years of 2006 and 2007. The real estate bust caused an underfunding of the pension plan of over $300 million dollars. This caused a freeze of its pension plan on Feb. 1 2009 and an end to 401k match on Jan 15 2009. The move was expected to save the company 29 million a year.
The under funded pension gave the company a negative net worth of -6.88 per share as of 30 November 2009.
GenCorp also is holding $142.80 million in 4% bonds due in 2010 and $147.70 million in bonds due in 2011 that the company expects to have to repurchase, as of the 2008 Annual Report. "In December 2009, the Company issued $200.0 million in aggregate principal amount of 4.0625% convertible subordinated debentures ("4 1/16% Debentures") in a private placement to qualified institutional buyers under the Securities Act of 1933. Issuance of the 4 1/16% Debentures generated net proceeds of approximately $195.0 million, a portion of which were used to repurchase $124.7 million of the 4% Notes in January 2010. The remaining proceeds will be used to redeem a portion of the 9½% senior subordinatednotes ("9½% Notes"); pay accrued interest on the 4% Notes and 9½% Notes; and pay other debt issuance costs. "
In March 2010 Gencorp amended a $280 million revolving line of credit 
GenCorp's former CEO J. Scott Neish resigned on Jan. 6 2010. He had been interim CEO from March 2008 (Terry J Hall resigned) head of the Aerojet division since November 2005. The new CEO was placed in as permanent and J. Scott Neish elected to resign from Aerojet. Scott Seymour had been the head of Northrop Grumman Integrated Systems from 2002 to 2008.
GenCorp since 2008 has had significant changes in its Board of Directors and Corporate Officers, per the 2008 Annual Report:
"On March 5, 2008, Terry L. Hall resigned as a Director and as our Chief Executive Officer and President and our Board appointed three new Directors. The Board appointed J. Scott Neish, our Vice President and President of Aerojet, to serve as our interim Chief Executive Officer and President, pending the results of a search to identify qualified candidates to fill this position on a permanent basis. On May 15, 2008, Timothy A.Wicks, Chairman of the Board, Todd R. Snyder and Sheila E. Widnall resigned as Directors of the Company. Our Board of Directors appointed James H. Perry and Thomas A. Corcoran as new Directors on May 16, 2008, and September 25, 2008, respectively. On September 29, 2008, Yasmin R. Seyal, our former Senior Vice President and Chief Financial Officer, and R. Leon Blackburn, our former Vice President, Controller left the Company and our Board appointed Kathleen E. Redd, Vice President, Finance of Aerojet, to serve as our Vice President, Chief Financial Officer and Secretary."
- GenCorp Home
- Los Angeles Times; "Rocketdyne sold to GenCorp" . accessed 12.12.2012
- "GenCorp to buy rocket manufacturer Rocketdyne". Flightglobal. Retrieved 23 July 2012.
- "Who's Where", Aviation Week & Space Technology, January 1, 2007
- GenCorp acquisition of Rocketdyne delayed pending FTC approval
- Pratt & Whitney Rocketdyne Cuts 100 Jobs
- Easton Plan Home
-  Corporate News Article