10 February 2014
GenCorp Inc. (NYSE: GY) said its board of directors has authorized a share repurchase program of up to USD75m.
Share repurchases may be made by GenCorp from time to time in open market transactions at prevailing market prices or in privately negotiated transactions. The purchases will be funded from existing cash balances.
GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale and leasing of its excess real estate assets. Its website is at http://www.GenCorp.com.