GenCorp gets $109.7 Air Force deal |
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Published
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Thu, 18 Jan 2007 16:09
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WASHINGTON (AFX) - The U.S. Air Force said on Thursday it awarded a $109.7 million contract to a unit of GenCorp Inc.The Sacramento, Calif.-based space and military firm Aerojet-General Corp. will provide the Air Force with its Hydrocarbon Boost Technology program to launch rockets into space. The technology reduces the cost to send rockets into space for the commercial and military sector.The company will complete work at the headquarters of the Air Force Flight Test Center by October 2015.Shares of GenCorp finished at $13.71 on Wednesday on the New York Stock Exchange.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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