[CPEO-MEF] Aerojet

[Lenny Siegel <lsiegel@cpeo.org>]

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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