8-K

                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 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) March 10, 2003
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                                  GenCorp Inc.
                  --------------------------------------------

               (Exact Name of Registrant as Specified in Charter)



            Ohio                          1-1520                34-0244000
            ----                          ------                ----------
 (State or Other Jurisdiction        (Commission File           IRS Employer
      of Incorporation)                   Number)            Identification No.)



Highway 50 and Aerojet Road, Rancho Cordova, California                 95670
- -------------------------------------------------------                 -----
      (Address of Principal Executive Offices)                        (Zip Code)


P.O. Box 537012, Sacramento, California                               95853-7012
- ---------------------------------------                               ----------
          (Mailing Address)                                           (Zip Code)


        Registrant's telephone number, including area code (916) 355-4000
                                                           --------------







ITEM 5. OTHER EVENTS

     Attached hereto as Exhibit 99.1 and incorporated herein by this reference
is the text of the registrant's press release which was issued on March 10,
2003.

     Exhibit 99.1 is a GenCorp Inc. press release dated March 10, 2003, in which
GenCorp announced it is pursuing its appeal of a partial judgment in the case of
GenCorp Inc. v. Olin Corporation, rather than seek further review of an Order of
the United States Sixth Circuit Court of Appeals issued on February 13, 2003.

ITEM 7. EXHIBITS

Table                                                                   Exhibit
Item No.      Exhibit Description                                       Number
- --------      -------------------                                       ------

      99      GenCorp Inc.'s press release dated March 10, 2003, in      99.1
              which GenCorp announced it is pursuing its appeal of a
              partial judgment in the case of GenCorp Inc. v. Olin
              Corporation.


                                    SIGNATURE

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, thereunto duly authorized.

                                           GENCORP INC.



                                   By:     /s/ Margaret Hastings
                                           ---------------------

                                   Name:   Margaret Hastings
                                   Title:  Assistant Secretary


Dated:  March 11, 2003

EX-99.1

                                                                    Exhibit 99.1


[GENCORP LOGO]


NEWS RELEASE
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INVESTOR CONTACT:    YASMIN SEYAL
                     SENIOR VICE PRESIDENT & CHIEF FINANCIAL OFFICER
                     916-351-8585

PRESS CONTACT:       LINDA BEECH CUTLER
                     VICE PRESIDENT, CORPORATE COMMUNICATIONS
                     916-351-8650


FOR IMMEDIATE RELEASE

                        GENCORP TO APPEAL COURT DECISION

SACRAMENTO, CA - MARCH 10, 2003 - GenCorp Inc. (NYSE:GY) today announced it is
pursuing its appeal of a partial judgment in the case of GenCorp Inc. v. Olin
Corporation, rather than seek further review of an Order of the United States
Sixth Circuit Court of Appeals issued on February 13, 2003.

In order to move forward with this appeal, the Company has posted a supersedeas
bond covering the judgment and related interest in the amount of approximately
$30 million. While the bond impacts liquidity, the Company currently believes
that its existing cash and cash equivalents, forecasted operating cash flows and
borrowings available under its credit facilities will provide sufficient funds
to meet its operating plan for 2003.

As discussed more fully in its recently filed annual report, the Company has
concluded that it is not currently appropriate to accrue additional amounts
related to this matter beyond previously established reserves for potential
liability for contamination at the Olin TDI facility and related offsite
contamination.







Certain information contained in this release including views regarding the
outcome of litigation and the Company's liquidity should be considered
"forward-looking statements" as defined by the Private Securities Litigation
Reform Act of 1995. All forward-looking statements involve certain risks,
estimates, assumptions and uncertainties with respect to contract performance,
the outcome of litigation, cash flows, availability of borrowings and the amount
of liability reserves. These and other factors are described in more detail in
the Company's Annual Report on Form 10-K for the year ended November 30, 2002,
filed with the Securities and Exchanges Commission. Additional risks may be
described from time to time in future filings with the Securities and Exchange
Commission. All such risk factors are difficult to predict, contain material
uncertainties that may affect actual results, and may be beyond the Company's
control.

GenCorp is a multi-national, technology-based manufacturer with operations in
the automotive, aerospace, defense and pharmaceutical fine chemicals industries.
Additional information about GenCorp can be obtained by visiting the Company's
web-site at http://www.gencorp.com.

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