2004 CPEO Military List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: 14 Nov 2004 06:58:03 -0000
Reply: cpeo-military
Subject: [CPEO-MEF] Aerojet
 
Aerojet fortunes drift in GenCorp's shadow

By Dale Kasler
Sacramento Bee
November 13, 2004

It was a city that never slept.

Aerojet in the 1950s and '60s had everything to serve its 22,000 employees in Rancho Cordova -- a recreation club, a swimming pool, a summer camp for kids, and a company store that sold everything from golf clubs to appliances. President Lyndon Johnson dropped by to deliver a pep talk; so did astronauts like Frank Borman and Neil Armstrong. The rocket-engine manufacturer was open 24 hours a day.

But when the space program was curtailed and the missile contracts wound down, the heyday of rocketry was over. Most of Aerojet's employees were let go. The 24-hour city became a ghost town. Employment today: 1,600.

Aerojet and its parent, GenCorp Inc., have spent the past 30-plus years trying to reinvent themselves, attempting to build businesses out of everything from industrial scales to auto parts to chemicals.

For the entire article, see
http://www.sacbee.com/content/business/story/11408328p-12322655c.html

--
Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
http://www.cpeo.org


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