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) October 17, 2003

GenCorp Inc.

(Exact Name of Registrant as Specified in Charter)

Ohio	1-01520	34-0244000
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	IRS Employer 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 October 17, 2003.

     Exhibit 99.1 is a GenCorp Inc. press release dated October 17, 2003, in which GenCorp Inc. and Sequa Corporation announced that GenCorp’s Aerojet-General Corporation subsidiary has completed the acquisition of substantially all of the assets related to the propulsion business of Atlantic Research Corporation, a subsidiary of Sequa Corporation.

Item 7. Exhibits

99.1 GenCorp Inc.’s press release dated October 17, 2003.

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/ Mark A. Whitney
Name: Title:	Mark A. Whitney Vice President, Law; Deputy General Counsel and Assistant Secretary

Dated: October 23, 2003

EX-99.1 3 l03643aexv99w1.htm EXHIBIT 99.1 NEWS RELEASE

EXHIBIT 99.1

[GENCORP INC. LOGO]

News Release

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
Sequa Contact:	Linda Kyriakou vice president, corporate communications 212-986-5500

For Immediate Release

GenCorp’s Aerojet Subsidiary Completes Acquisition
of Atlantic Research Propulsion

SACRAMENTO, Calif., — October 17, 2003 — GenCorp Inc. (NYSE: GY) announced today that its subsidiary, Aerojet-General Corporation (Aerojet), has completed the acquisition of substantially all of the assets related to the propulsion business of Atlantic Research Corporation (ARC), a subsidiary of Sequa Corporation (NYSE:SQAA). GenCorp’s agreement to acquire ARC’s propulsion business was announced in a press release on May 5, 2003. Aerojet has also entered into a long-term agreement to provide propellant to ARC Automotive, Sequa’s airbag inflator operation. The airbag inflator business is not included in the sale to Aerojet.

ARC is a leading developer and manufacturer of advanced solid rocket propulsion systems, gas generators and auxiliary rocket motors for both space and defense applications.

     The Federal Trade Commission (FTC) approved the transaction on October 16, 2003 under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended. The $133 million cash purchase was funded from the proceeds of a senior subordinated notes offering completed in August 2003.

     With the acquisition, Aerojet becomes the second leading provider in the $1.3 billion domestic solid propulsion marketplace and a market leader in the tactical missile propulsion segment of that market.

     Headquartered and with operations in Gainesville, Virginia, ARC’s propulsion and defense business also has facilities in Orange County, Virginia; Camden, Arkansas; Vernon, California; Clearfield, Utah; Niagara, New York; and the United Kingdom. As a condition to the FTC’s approval of the acquisition, Aerojet will be divesting the former ARC in-space propulsion business operated out of the facilities located in New York and the United Kingdom. The remaining locations, with approximately 900 employees, will operate as integrated components of Aerojet.

     Aerojet, headquartered in Sacramento, California, is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, and defense and armaments markets. GenCorp Inc. is a technology-based manufacturer with operations in the aerospace and defense, pharmaceutical fine chemicals and automotive industries. For more information, please visit www.aerojet.com and www.GenCorp.com.

     Sequa Corporation is a diversified manufacturer with eight discrete business units organized around five operating segments: aerospace, automotive, metal coating, specialty chemicals, and other products. For more information, please visit www.sequa.com.

     This press release contains “forward-looking statements” as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected depending on factors such as business climate, economic and competitive uncertainties, adverse legal and regulatory developments, and adverse changes in economic and political climates around the world. Forward-looking statements in this document should be evaluated

together with the many factors that affect GenCorp’s business as described in more detail in GenCorp’s Form 10-K for the year ended November 30, 2002, and GenCorp’s subsequent and other periodic filings with the Securities and Exchange Commission.

###

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EX-99.1

Exhibit 99.1