Advertisement
YOU ARE HERE: LAT HomeCollectionsGencorp
IN THE NEWS

Gencorp

BUSINESS
April 21, 2001 | Bloomberg News
Northrop Grumman Corp. agreed to buy GenCorp Inc.'s space-sensor business for $315 million to broaden sales of space-based battlefield-management services. The business, Aerojet-General, had $323 million in sales last year and employs 1,400, Northrop said. Aerojet-General has facilities in Azusa and in Boulder and Colorado Springs, Colo., Northrop said. Aerojet-General makes space-based sensors for early-warning systems, ground systems that process data from space and other products.
Advertisement
BUSINESS
December 18, 1998 | From Associated Press
GenCorp said Thursday that it plans to split into two companies, one of which will remain in the Akron, Ohio, area while the other moves its headquarters to California. There may be some layoffs among GenCorp's current corporate staff of 170 people, but how many hasn't been determined. To make the split, GenCorp plans to spin off its performance chemicals and decorative and building products businesses to GenCorp shareholders.
BUSINESS
June 13, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
GenCorp Inc., citing environmental problems, said Monday that it no longer plans to sell its struggling Aerojet division, which employs 3,000 people in California. The company, which announced efforts to shed the division last December, said the problems prevented GenCorp from getting a price that would provide its stockholders with "sufficient value versus other alternatives." GenCorp, based in Fairlawn, Ohio, did not disclose what price it sought.
BUSINESS
March 24, 1995 | TOM PETRUNO
It's probably safe to assume that James S. Marlen didn't become chief executive of Ameron Inc. for the glamour and romance. A self-described "world leader in pipe technology," Pasadena-based Ameron makes more than 30 kinds of giant fiberglass, concrete and steel pipes that carry oil, water or anything else that needs to get from Point A to Point B in quantity. The firm also makes protective epoxy and polyurethane coatings used on large structures like office towers, ships and bridges.
BUSINESS
November 25, 1994 | JAMES F. PELTZ, TIMES STAFF WRITER
The evidence is growing that GenCorp Inc. plans to rid itself of Aerojet, its respected but ailing division that makes military electronics in Azusa and rocket motors in Sacramento. GenCorp--which also makes automotive parts, Penn tennis balls and specialty plastics and wall coverings--said this summer that it was considering whether to keep Aerojet, place it in a joint venture or some other alliance, or sell the division. GenCorp plans to decide by year's end.
BUSINESS
January 15, 1992 | MICHAEL PARRISH, TIMES STAFF WRITER
In a development of serious concern to some of the nation's largest companies, Aerojet-General Corp. has lost a sprawling lawsuit in which it sought to force its insurance carriers to pay environmental cleanup costs estimated at more than $150 million. Aerojet does not contest that wastes from its rocket-engine manufacturing and testing operations contaminated ground water at a site near its Sacramento headquarters during the 1950s, '60s and '70s.
BUSINESS
May 9, 1991 | RALPH VARTABEDIAN, TIMES STAFF WRITER
Aerojet Electronic Systems, the Azusa-based unit of GenCorp, said Wednesday that it was selected by the Army as prime contractor for the "sense and destroy armor" munition, an anti-tank weapon under development since 1986. The company declined to estimate potential revenues from the program, but in 1986 the value was put at $1 billion. At that time, executives said each munition unit would cost $3,000.
Los Angeles Times Articles
|