form8k07319_06162013.htm

0000921895-13-001268.txt : 20130617 0000921895-13-001268.hdr.sgml : 20130617 20130617172921 ACCESSION NUMBER: 0000921895-13-001268 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130616 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130617 DATE AS OF CHANGE: 20130617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENCORP INC CENTRAL INDEX KEY: 0000040888 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] IRS NUMBER: 340244000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01520 FILM NUMBER: 13917562 BUSINESS ADDRESS: STREET 1: 2001 AEROJET ROAD CITY: RANCHO CORDOVA STATE: CA ZIP: 95742 BUSINESS PHONE: 916-355-4000 MAIL ADDRESS: STREET 1: 2001 AEROJET ROAD CITY: RANCHO CORDOVA STATE: CA ZIP: 95742 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL TIRE & RUBBER CO DATE OF NAME CHANGE: 19840330 8-K 1 form8k07319_06162013.htm form8k07319_06162013.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 16, 2013

GenCorp Inc.
(Exact name of registrant as specified in its charter)

Ohio	1-01520	34-0244000
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2001 Aerojet Road, Rancho Cordova, California		95742
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: xxx

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

Attached please find an article that appeared in Reuters on June 16, 2013 entitled, “Aerojet Rocketdyne sees 10-year savings of $1 billion.”

The information in this Item 7.01 and Exhibit 99.1 attached hereto is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference into any filing by the Company under the Securities Act or the Exchange Act, unless specifically identified therein as being incorporated by reference therein.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit No.	Description
99.1	Reuters article, dated June 16, 2013, entitled “Aerojet Rocketdyne sees 10-year savings of $1 billion.”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

June 17, 2013	GENCORP INC.

	By:	/s/ Kathleen E. Redd
		Name:	Kathleen E. Redd
		Title:	Vice President, Chief Financial Officer and Assistant Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Reuters article, dated June 16, 2013, entitled “Aerojet Rocketdyne sees 10-year savings of $1 billion.”

EX-99.1 2 ex991to8k07319_06162013.htm ex991to8k07319_06162013.htm

Exhibit 99.1

Aerojet Rocketdyne sees 10-year savings of $1 billion

PARIS (Reuters) - Aerojet Rocketdyne, the new company formed after GenCorp Inc's (GY.N) acquisition of Pratt & Whitney Rocketdyne, said on Sunday it has promised the U.S. government savings of $1 billion in savings over the next decade as a result of the deal, and possibly $2 billion more in later phases of the merger.

Aerojet Rocketdyne President Warren Boley told Reuters in an interview ahead of the Paris air show that he expected the new company's revenue to double over the next five years from a current combined estimate of $1.7 billion for both GenCorp unit Aerojet and Rocketdyne.

He said the company was also looking at other business opportunities, and would soon sign a memorandum of understanding on a "significant strategic relationship" with Israel Military Industries that could evolve into a joint venture in the future.

U.S. authorities approved GenCorp's acquisition of Rocketdyne on Friday after a year-long review. [ID:nWNAB021LP] One part of Rocketdyne, a joint venture with a Russian rocket motor company, called RD Amross, would remain part of Pratt & Whitney until Russian authorities completed their regulatory review.

The new company will make its official debut next week at the air show, and then in a large employee meeting.

While the deal was under review, Boley said, GenCorp recently sent a letter to the Pentagon's Defense Contracts Management Agency and the Defense Contract Audit Agency advising them about the expected savings generated by combination of the two companies.

Boley said the consulting firm AT Kearney estimated $100 million in annual savings for about 10 years during the first phase of the merger, with similar savings in each the second and third phases.

That information would be used by the Pentagon auditing and contracts management agencies to help write the company's future contracts, he said.

AT Kearney's estimates also showed that the merged company could cut the cost of launching huge government satellites into space by 30 percent, Boley said.

Boley, who previously headed the military engines division of Pratt & Whitney, a unit of United Technologies Corp (UTX.N), said the company had several game-changing technologies in various stages of development, testing and fielding that he believed would change the way future wars were fought.

He said the company had developed solar electric propulsion technologies that were already being used to power "some very big" U.S. government satellites that he was not allowed to identify. The company was also seeing a huge number of orders from satellite manufacturers, because the technology would extend the lifetime of satellites on orbit.

Not having to haul fuel to outer space would also dramatically lower the cost of launching satellites into orbit since fuel is often the biggest weight item on a satellite.

"It's a game changer. It's revolutionary. It's not just 10 percent more," Boley said, adding that he expected the solar propulsion system to generate billions of dollars in orders.

The company also has developed a silent propulsion system that would be useful on unmanned planes, as well as a hypersonic motor that all three major competitors - Boeing Co (BA.N), Raytheon Co (RTN.N) and Lockheed Martin Corp (LMT.N) were using in rival bids to design a next-generation missile, Boley said.

The new engines would allow missiles to travel at Mach 4, or four times the speed of sound, allowing military commanders to respond that much more quickly to potential missile threats. All three of the offerings would be flight-tested this year, Boley said.

He said the hypersonic speed of the new missiles would either augment or replace stealth - or radar-evading - characteristics on future weapons systems.

He said the new technology could generate up to $10 billion in new weapons sales in coming years. The new missiles were being designed so they could be carried on the F-15, F-16, F/A-18 and F-35 fighter jets, he noted.

(Reporting by Andrea Shalal-Esa; editing by Jason Neely and Richard Chang)