GenCorp

Nuclear Weapon Producers
United States: GenCorp is involved in the design, development and production of land- and sea-based nuclear ballistic missile systems for the United States. It is currently producing propulsion systems for Minuteman III and D5 Trident nuclear missiles.

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Company profile

GenCorp, based in the United States, is engaged in aerospace and military (through subsidiary Aerojet) and real estate (Easton). ((Gencorp, “About Gencorp”, Website Gencorp (www.gencorp.com/pages/aboutgc.php), viewed May 2014.))

In the financial year ending 30 November 2013, GenCorp generated revenues of US$ 1.4 billion (€ 1.0 billion), resulting in an operating profit of US$ 22 million (€ 16 million) and a net profit of US$ 168 million (€ 123 million). The aerospace and military activities organized under Aerojet accounted for 99% of the revenues. ((Gencorp, “Annual Report 2013”, Gencorp, February 2014.))

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Website: Twitter: Facebook:
www.gencorp.com/ @AerojetRdyne https://www.facebook.com/AerojetRdyne
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Nuclear weapons

Aerojet, GenCorp’s aerospace and military company, has been involved in design, development and production of land-based and sea-based nuclear ballistic missile systems for 50 years. ((Aerojet, “About”, Website Aerojet (www.rocket.com/about), viewed May 2014.)) It currently produces solid and liquid propulsion systems for the Minuteman III and Trident II (D5) nuclear missile systems. ((Aerojet, “Capabilities”, Website Aerojet (www.rocket.com/capabilities), viewed May 2014.)) There are 450 Minuteman III currently deployed and they are expected to stay active until at least 2030. ((US Air Force, “Fact sheet”, Website US Air Force (www.minot.af.mil/library/factsheets/factsheet_print.asp?fsID=16836&page=1), viewed May 2014;
Woolf, A.E., “US Strategic Nuclear Forces: Background, Developments and Issues”, Congressional Research Service, 14 January 2013 (www.fas.org/sgp/crs/nuke/RL33640.pdf).)) The submarine-launched Trident II (D5) missile is currently aboard US Ohio-class and British Vanguard-class submarines. ((Lockheed Martin, “Trident II D5 Fleet Balistic Missile (FBM)”, Website Lockheed Martin (www.lockheedmartin.com/us/products/trident-ii-d5-fleet-ballistic-missile–fbm-.html), viewed May 2014.)) The US is planning to keep the Trident II missiles deployed until 2042. ((UK Parliament, “Selected Committee on Defence Eight Report, 2006”, Website UK Parliament (www.publications.parliament.uk/pa/cm200506/cmselect/cmdfence/986/98609.htm), viewed May 2014.))

In December 2013, Aerojet was awarded a US$ 28.9 million (€ 21.2 million) contract under the Air Force Nuclear Weapons Center Propulsion Applications Program (PAP) to develop a Medium Class Stage III motor with propulsion technologies applicable to multiple future common strategic propulsion systems. The programme aims to provide a direct replacement solution option for the Minuteman III stage III motors. Besides modernising and replacing Minuteman III, the motors are also meant to support a wide range of potential strategic propulsion systems. Work is planned to be completed by October 2016. ((US Department of Defense, “Daily Contracts List”, US Department of Defense, 18 October 2013 (insidedefense.com/201310182450237/Defense-Plus/Text-Document/dod-10182013/menu-id-77.html);
GenCorp, “USAF Awards Aerojet Rocketdyne a Medium Class Stage III Demonstration Contract”, News Release GenCorp, 2 December 2013 (investor.gencorp.com/releasedetail.cfm?ReleaseID=810847).))

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The following financial institutions have made approximately 2450 million USD available to GenCorp since January 2011.

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  • Affiliated Managers Group
  • Ameriprise Financial
  • AQR Capital Management
  • Bank of America
  • Bank of New York Mellon
  • BlackRock
  • BlueMountain Capital Management
  • Capstone Investment Advisors
  • Carlson Capital
  • Chesapeake Partners Management
  • Citigroup
  • City National Corporation
  • Creative Solution Services
  • D.E. Shaw & Co.
  • Deutsche Bank
  • Dimensional Fund Advisors
  • Eaton Vance
  • Ferguson Wellman Capital Management
  • Fidelity Investments
  • First Eagle Investment Management
  • Gamco Investors
  • GenCorp, Inc. Retirement Savings Plan
  • Geode Capital Management

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  • Glenhill Capital Management
  • Hartford Financial Services
  • Hirzel Capital Management
  • Invesco
  • IONIC Capital Management
  • JPMorgan Chase
  • Keeley Asset Management
  • Kennedy Capital Management
  • Kingstown Capital Management
  • Lawson Kroeker Investment Management
  • Lazard
  • Legal & General
  • Legg Mason
  • Lodge Hill Capital
  • Lord, Abbett & Co
  • M&T Bank Corporation
  • MFP Investors
  • Mitsubishi UFJ Financial
  • Morgan Stanley
  • New York Life Insurance Company
  • NewSouth Capital Management
  • Northern Trust

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  • NorthPointe Capital
  • Ohio Public Employees Retirement System
  • Old Mutual
  • Oppenheimer Holdings
  • OxFORD Asset Management
  • Principal Financial
  • Regions Financial
  • Royal Capital Management
  • Silverback Asset Management
  • Skytop Capital Management
  • State Street
  • Steel Partners Holdings
  • Sun Life Financial
  • Sunrise Partners
  • SunTrust Banks
  • T. Rowe Price
  • TIAA-CREF
  • Tiger Management
  • US Bancorp
  • Vanguard
  • Water Street Capital
  • Wells Fargo
  • Winslow Asset Management

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Notes