BNET Industries

Market Cap:$491.4M
Last Fiscal Year Sales:$742.3M
  • Public
  • US
Dow Jones Description

We are a manufacturer of aerospace and defense systems with a real estate segment that includes activities related to the entitlement, sale, and leasing of our excess real estate assets. Our continuing operations are organized into two segments: Aerospace and Defense includes the operations of Aerojet-General Corporation (Aerojet) which develops and manufactures propulsion systems for defense and space applications, armament systems for precision tactical weapon systems and munitions applications. We are one of the largest providers of such propulsion systems in the United States (U.S.) and the only U.S. company that provides both solid and liquid propellant based systems. Primary customers served include major prime contractors to the U.S. government, the Department of Defense (DoD), and the National Aeronautics and Space Administration (NASA). Real Estate includes activities related to the entitlement, sale, and leasing of our excess real estate assets. We own approximately 12,200 acres of land adjacent to U.S. Highway 50 between Rancho Cordova and Folsom, California, east of Sacramento (Sacramento Land). We are currently in the process of seeking zoning changes, removal of environmental restrictions and other governmental approvals on a portion of the Sacramento Land to optimize its value. ...

Interim Chief Executive Officer
Scott Neish
Number of Employees 3,057
Contact Information

Hwy 50 & Aerojet Rd

Rancho Cordova, California 95670

gencorp.com

(916) 355-4000

NAICS Code Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing: 336415

Recent Events

  • GenCorp reports profit as sales rise, costs fall

    10/09/09 - Financial Announcement - View Story

  • GenCorp replaces 2 high-level executives

    7/28/09 - Mgmt. Change Entering - Vice President - View Story

  • GenCorp hires new treasurer

    7/28/09 - Mgmt. Change Entering - Other - View Story

  • GenCorp GY Announces Management Changes

    7/27/09 - Mgmt. Change Entering - Other - View Story

  • Aerojet activity fuels GenCorp earnings gain

    7/08/09 - Financial Announcement - View Story

  • Aerojet and Solar Power, Inc. Announce 3.5 Megawatt Solar Installation at Aerojet's...

    6/08/09 - Joint Venture / Alliance - View Story

Decision Makers

Name (plus bio) Position
Scott Neish Interim Chief Executive Officer
Terry L. Hall President and Chief Executive Officer
Kathy Redd CFO, Secretary & Vice President
William Thomas CIO & Vice President
Bryan Ramsey Vice President Human Resources
Chris Conley Vice President, Environmental, Health and Safety
David C Hatch Vice President
J. Scott Neish Interim President & Interim CEO
James Marlen Vice President
John Joy Vice President and Treasurer
John Myers Vice President, Tactical Programs
Linda Cutler Vice President, Comm
Scott Neish James Vice President & President, Agc
William M. Lau Treasurer & Vice President
William Purdy President, Real Estate & Vice President
David A Lorber Gencorp Director
James J. Didion Lead Director
Robert C Woods Gencorp Director
Yasmin Seyal Chief Financial Officer
Andrew F Vital Information Systems Manager
Leon Blackburn Controller
Elaine Stracker
Paul Leidal
Robert G. Hall Assistant Secretary
Satish Sharma
Tim Murphy Corporate Communications Executive
James R. Henderson Director
Mark Whitney Secretary
Steven G. Rothmeier Director
Thomas Corcoran Director
Charles F. Bolden Member

Board of Directors

Name (plus bio) Position
James M Perry Chairman
C.F. Bolden Jr. Board of Directors
Ellis Cb Richard Board of Directors
James H. Perry Board of Directors
Martin Turchin Board of Directors
R. Leon Blackburn Board of Directors
Sheila E. Widnall Board of Directors
Timothy A. Wicks Board of Directors
Todd R. Snyder Board of Directors
Warren G. Lichtenstein Board of Directors

Organization Position Status
GenCorp Inc. Interim Chief Executive Officer Current
Aerojet President Current

Organization Position Status
GenCorp Inc. President and Chief Executive Officer Current
GenCorp Inc. Chairman Current

Organization Position Status
GenCorp Inc. CFO, Secretary & Vice President Current

Organization Position Status
GenCorp Inc. CIO & Vice President Current

Organization Position Status
GenCorp Inc. Vice President Human Resources Current
Aerojet-General Corporation Vice President, HR Current

Organization Position Status
GenCorp Inc. Vice President, Environmental, Health and Safety Current
GenCorp Inc. Director Environmental, Health and Safety Former
GenCorp Inc. Environmental Consultant Former

Organization Position Status
GenCorp Inc. Vice President Current

Array

Organization Position Status
GenCorp Inc. Interim President & Interim CEO Current
GenCorp Inc. Vice President of the Company and President of Aerojet Current
Aerojet President Former

Organization Position Status
Ameron International Water Transmission Group CEO Current
Ameron International Corporation CEO Current
GenCorp Inc. Vice President Current
Ameron International Corporation Chairman Current
A. Schulman, Inc. Director Current
American Management Association Member Current
GenCorp Inc. President Former
Ameron International Corporation President Former
GenCorp Inc. Officer Former
NYSE Group, Inc. Former
Ameron International Corporation Board of Directors Former
The University of Akron MBA Former
The University of Alabama Bachelor of Science Degree In Chemical Engineering Former

Organization Position Status
GenCorp Inc. Vice President and Treasurer Current

Myers, a 27-year propulsion business veteran, began his career in the aerospace industry when he joined Atlantic Research Corporation's (ARC) engineering department in 1981. As his career progressed, Myers held positions of increasing responsibility in both engineering and tactical missile program management. Myers holds a BSE in Mechanical Engineering from Virginia Polytechnic Institute.

Organization Position Status
GenCorp Inc. Vice President, Tactical Programs Current
GenCorp Inc. Executive Director, Tactical Sys, Aerojet Former

Organization Position Status
GenCorp Inc. Vice President, Comm Current

Organization Position Status
GenCorp Inc. Vice President & President, Agc Current

Mr. Lau was vice president, Finance and treasurer of Catellus Development Corporation (an industrial Real Estate Investment Trust), which was acquired in 2005 by ProLogis. Prior to Catellus, Mr. Lau served in various positions in syndicated finance and corporate treasury at Bank of America. Mr. Lau received his B.A. in Economics from Stanford University and his M.B.A. in Finance from University of California, Los Angeles.

Organization Position Status
GenCorp Inc. Treasurer & Vice President Current
GenCorp Inc. Treasurer Current

Organization Position Status
GenCorp Inc. President, Real Estate & Vice President Current

David A. Lorber, GenCorp Director since 2006. Principal and portfolio manager at FrontFour Capital Group LLC, New York, NY, a hedge fund, since 2007. Previously, Director and Senior Investment Analyst at Pirate Capital, a hedge fund, from 2003 — 2006; Analyst at Vantis Capital Management LLC, a money management firm and hedge fund, from 2001 to 2003; Associate at Cushman & Wakefield, Inc. 2000 — 2001. Mr. Lorber serves as Chairman of the Organization & Compensation Committee and as a member of the Audit Committee. Age 29.

Organization Position Status
GenCorp Inc. Gencorp Director Current
International Aviation Terminals Inc. Director Current
GenCorp Inc. Board of Directors Current
Pirate Capital LLC Senior Investment Analyst Former
Pirate Capital LLC Director Former

James J. Didion, GenCorp Director since 2002. Independent real estate investor and consultant. Previously Chairman of the Board of CB Richard Ellis, Inc. from 1987 until retirement in July 2001. Served as Chief Executive Officer from 1987 to 1999 and held various other management positions within CB Richard Ellis, Inc. (formerly known as Coldwell Banker & Company) from 1962 to 1987. Mr. Didion currently serves as Chairman of the Corporate Governance & Nominating Committee and as a member of the Finance Committee. Age 66.

Organization Position Status
GenCorp Inc. Lead Director Current
GenCorp Inc. Member of the Finance Committee Current
CB Richard Ellis Group, Inc. Chief Executive Officer Former
CB Richard Ellis Group, Inc. Chairman Former
GenCorp Inc. Director Former

Robert C. Woods, GenCorp Director since 2006. Investment banker at Cornerstone Capital Advisors, a real estate investment bank, since 1987. From 1983 to the present, Mr. Woods has also been a real estate developer for Palladian Partners, a real estate development company. At both Cornerstone and Palladian, Mr. Woods’ experience includes developing and financing master planned communities. Previously, Vice President of Development for Cullen Center in Houston, Texas from 1982 to 1983; Project Manager for Hines Interests LLC, a real estate development company from 1981 to 1982; Project Manager for Trammell Crow from 1979 to 1980. Mr. Woods was also a consulting professor of real estate finance at Stanford University from 2000 to 2005. Mr. Woods serves as a member of the Audit Committee and as a member of the Corporate Governance & Nominating Committee. Age 55.

Organization Position Status
GenCorp Inc. Gencorp Director Current
Cornerstone Capital Advisors Investment Banker Current
Corporate Governance Board of Directors Current
GenCorp Inc. Board of Directors Current
GenCorp Inc. Member of the Finance Committee Current
Trammell Crow Company Project Manager Former
Stanford University Consulting Professor of Real Estate Finance Former
Stanford University Degrees Former

Organization Position Status
GenCorp Inc. Chief Financial Officer Current
GenCorp Inc. Director of Treasury & Taxes Former
GenCorp Inc. Assistant Treasurer Former
GenCorp Inc. Board of Directors Former

Organization Position Status
GenCorp Inc. Information Systems Manager Current
Bryant University BS In Business Administration Former

Organization Position Status
GenCorp Inc. Controller Current

Organization Position Status
Alexza Pharmaceuticals, Inc. Vice President of Intellectual Property Current
GenCorp Inc. Current
Isbester & Associates, Llp Current
Molecular Probes Vice President of Corporate Development and Legal Affairs Former
University of California, Berkeley J.D. Former
University of California, Davis Ph.D. In Organic Chemistry Former

Paul D. Leidal is the Chief Financial Officer for Romeo RIM with responsibility for Romeo RIM's financial performance, as well as, the integrity of reported financial systems and data. Paul has been a part of the Romeo RIM team since 1996. Paul's twenty-five plus years of financial management experience includes a variety of corporate and plant level management positions with GenCorp and their automotive segment.

Organization Position Status
Romeo Rim Inc. Chief Financial Officer Current
Help Bumpers Chief Financial Officer Current
GenCorp Inc. Current
Help Bumpers Vice President, Customer Development Former
The University of Akron Mba Finance Former
The Ohio State University Bachelor of Science Former

Organization Position Status
GenCorp Inc. Assistant Secretary Current

Organization Position Status
Ardl-India Senior Technical Advisor Current
Ardl, Inc. Senior Technical Advisor Current
GenCorp Inc. Current
Case Western Reserve University Ph.D. In Polymer Science Former
University of Waterloo M.S. In Chemical Engineering Former
Indian Institute of Technology B.S. In Chemical Engineering Former

Organization Position Status
GenCorp Inc. Corporate Communications Executive Current
GenCorp Inc. Board of Directors Current

Array

Organization Position Status
GenCorp Inc. Chairman Current
United Industrial Corporation CFO Former
United Industrial Corporation Vice President Former

Organization Position Status
GenCorp Inc. Board of Directors Current

Organization Position Status
GenCorp Inc. Board of Directors Current

Organization Position Status
GenCorp Inc. Board of Directors Current

Organization Position Status
WebFinancial Corporation President Current
Gateway Industries, Inc. President Current
WebFinancial Corporation Chief Operating Officer Current
Steel Partners, Inc. Vice President Current
WebFinancial Corporation Vice President of Operations Current
WebFinancial Corporation Director of The Webbank Subsidiary Current
Del Global Technologies Corp. Chairman of The Board Current
WebBank Chairman Current
Corporate Governance Chairman Current
Bns Holding, Inc. Director Current
GenCorp Inc. Director Current
Del Global Technologies Corp. Member Current
Sp Acquisition Holdings, Inc. Executive Vice President Current
WebFinancial Corporation Chief Executive Officer Former
WebBank Chief Executive Officer Former
GenCorp Inc. Chairman Former
Del Global Technologies Corp. Director Former
SL Industries, Inc. Director Current
WebFinancial Corporation Board of Directors Former
WebBank Director Former

Organization Position Status
GenCorp Inc. Secretary Current
GenCorp Inc. General Counsel, Secretary & Senior Vice President Former

Martin Turchin. Mr. Martin Turchin has been a director since June 23, 1997. Mr. Turchin serves as Vice-Chairman of CB Richard Ellis, the world s largest real estate services company. From 1985 until its merger with CB Richard Ellis in July 2003, Mr. Turchin served as Vice-Chairman of Insignia/ESG, Inc., a subsidiary of Insignia Financial Group, which was one of the nation s largest commercial real estate brokerage, consulting and management firms. Prior to joining Insignia/ESG, Inc., he spent 14 years with Kenneth E. Laub & Company, Inc. where he was involved in real estate acquisition, financing, leasing and consulting. Mr. Turchin has more than 30 years experience as a commercial real estate broker, consultant and advisor and has been involved in some of the largest real estate transactions in the United States. During his career, he has orchestrated more than 50 million square feet of real estate transactions. He is a three-time recipient of the Real Estate Board of New York s Most Ingenious Deal of the Year Award and a two-time recipient of the Robert T. Lawrence Award. Mr. Turchin serves on the board of GenCorp Inc. He holds a BS from City College of the University of New York and a JD from St. John s Law School. He is 67 years old.

Organization Position Status
Boston Properties, Inc. Director by Current
ESG Consulting Inc. Vice-Chairman Current
Boston Properties, Inc. Board of Directors Current
GenCorp Inc. Board of Directors Current
Corporate Governance Board of Directors Current
CB Richard Ellis Group, Inc. Vice Chairman Former
University of New York Bs Former
City College Inc BS Former

Organization Position Status
GenCorp Inc. Board of Directors Current
GenCorp Inc. Vice President Former
GenCorp Inc. Controller Former

Organization Position Status
GenCorp Inc. Board of Directors Current

Mr. Rothmeier is a graduate of the University of Notre Dame and received a master's degree in business administration from the University of Chicago. Mr. Rothmeier founded Great Northern Capital, a private investment and merchant banking firm in March 1993, after serving as president of a Twin Cities venture capital and merchant banking firm. Previously, he was chairman of the board and chief executive officer of NWA Inc. and Northwest Airlines Inc. Mr. Rothmeier is a director of ArvinMeritor Inc., GenCorp Inc., Precision Castparts Corp., and Waste Management Inc. Mr. Rothmeier is a trustee of the University of Chicago, a member of the Council on the Graduate School of Business, University of Chicago, chairman of the St. Agnes Foundation and The Lumen Christi Institute, director of the American Council on Germany, a trustee for the German Marshall Fund of the United States, an advisor to the Metropolitan Economic Development Association of the Twin Cities, a minority business advisory group, and former vice chairman of the U.S. - China Business Council.

Organization Position Status
The Business Council Advisor Current
US-China Business Council Advisor Current
Tri-R Systems Corp Current
St. Agnes Foundation, Inc. Chairman Current
The Lumen Christi Institute Chairman Current
GenCorp Inc. Director Current
Precision Castparts Corp. Board of Directors Current
Waste Management, Inc. Director Current
ArvinMeritor, Inc. Board of Directors Current
Great Northern Capital Founder Former
University of Chicago Trustee Former
The Business Council Vice Chairman Former
US-China Business Council Vice Chairman Former
University of Chicago Master's Degree In Business Administration Former
Corporate Governance member Former

Organization Position Status
Aer Lingus Board of Directors Current
GenCorp Inc. Director Current

Executive Vice President and Chief Financial Officer of YRC Worldwide (since October 2008); Senior Vice President, Strategic Growth Initiatives (2006-2008), Senior Vice President, Product Development and Management (2004-2006), Vice President, Platinum Broker Service (2003-2004), and Vice President, Consumer Solutions (2002-2003) of UnitedHealthcare.

Organization Position Status
YRC Worldwide Inc. Executive Vice President, Chief Financial Officer Current
GenCorp Inc. Board of Directors Current
GenCorp Inc. Member of the Finance Committee Current
Great Northern Capital President Former
Small Business Services General Manager Former
Great Northern Capital Co-Founder Former
GenCorp Inc. Chair of Board Former

Organization Position Status
Rothschild Inc. Managing Director Current
GenCorp Inc. Board of Directors Current
GenCorp Inc. Member Current
Rothschild Inc. Manager Director Former
Peter J. Solomon Company Former
University of Pennsylvania Law School Juris Doctor Former
Wesleyan University Former

Organization Position Status
Steel Partners, Inc. Chief Executive Officer Current
Steel Partners, Inc. General Partner Current
GenCorp Inc. Board of Directors Current
SL Industries, Inc. Director Current
Layne Christensen Co. Board of Directors Current
WebFinancial Corporation CEO Former
SL Industries, Inc. Chairman & CEO Former
Steel Partners, Inc. Chairman Former
Steel Partners, Inc. Director Former
Steel Partners, Inc. Co-Founder Current
Sp Acquisition Holdings, Inc. Chairman of the Board Current
United Industrial Corporation Chairman Current
United Industrial Corporation Board of Directors Former
WebFinancial Corporation Director Former

Organization Position Status
University of Southern California Trustee Current
Palmetto Government Benefit Administrators Inc. Board of Directors Current
Bristow Group Inc. Director Current
Blue Cross & Blue Shield of South Carolina Director Current
Palmetto Gba, LLC Director Current
Marathon Oil Corporation Board of Directors Current
Family Literacy Foundation Director Current
University of Southern California Board of Directors Current
Marathon Oil Corporation Corporate Governance & Nominating Committee Member Current
GenCorp Inc. Member Current
National Aeronautics and Space Administration Space Shuttle Pilot Astronaut Former
United States Naval Academy Deputy Administrator Former
Southern California University trustee Former
University of Southern California Master of Science Degree In Systems Management Former
United States Naval Academy Bachelor of Science Degree Former

Executive News

  • After Hubble Repair, New Images From Space

    New York Times - 9/10/09 - View Story

  • NASA Unveils Spectacular Array of New Hubble Photos

    FOXNews.com - 9/09/09 - View Story

  • U.S. and Canada Sign Agreement on Civil Space Cooperation

    Reuters - 9/09/09 - View Story

  • U.S. and Canada Sign Agreement on Civil Space Cooperation

    PR Newswire - 9/09/09 - View Story

  • Panel Urges NASA to Shelve Moon Bid

    The Wall Street Journal Interactive Edition - 9/09/09 - View Story

  • Outer Limits

    Government Executive - 9/08/09 - View Story

  • Alice Connell Joins Parmenter Realty Partners Advisory Board

    Business Wire - 9/08/09 - View Story

  • NASA Briefings to Unveil Hubble's New Observations

    TMC Net - 9/07/09 - View Story

  • NASA Briefings to Unveil Hubble's New Observations

    SpaceRef - 9/06/09 - View Story

  • Obama gave AG ethics waiver to probe Stevens case

    San Jose Mercury News - 9/04/09 - View Story

  • NASA To Unveil New Hubble Observations

    Red Orbit - 9/04/09 - View Story

  • NASA Briefings to Unveil Hubble's New Observations

    Reuters - 9/03/09 - View Story

  • NASA Briefings to Unveil Hubble's New Observations

    Street Insider - 9/03/09 - View Story

  • NASA Briefings to Unveil Hubble's New Observations

    Sys-Con Canada - 9/03/09 - View Story

  • Activist investors sidelined

    Reuters - 8/23/09 - View Story

  • Activist investors in a holding pattern

    Reuters - 8/18/09 - View Story

  • Tight credit keeps activist investors sidelined

    Reuters - 8/18/09 - View Story

  • SP Acquisition Holdings and Frontier Financial Schedule

    Market Wire via MSN Money - 8/12/09 - View Story

  • Aerojet helps build biodiesel plant

    Sacramento Business Journal - 8/12/09 - View Story

  • ARIES Biodiesel System Successfully Demonstrated

    PR Newswire - 8/11/09 - View Story

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     GY $8.40 +0.21 (2.56% )
Average Volume 620,721
Shares Outstanding 58.50M
Market Cap 491.4M
Year High 9.12
Year Low 1.83
Earnings Per Share 0.71
P/E Ratio 11.83
Dividend N/A
Yield N/A
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