GenCorp Inc was incorporated in Ohio in 1915 and reincorporated to the State of Delaware on April 11, 2014. The Company is a manufacturer of aerospace and defense products and systems along with a real estate segment that includes activities related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. It develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long-range weapon systems applications. Its continuing operations are organized into two segments: Aerospace and Defense — includes the operations of its wholly-owned subsidiary Aerojet Rocketdyne, Inc. (Aerojet Rocketdyne), a technology-based designer, developer and manufacturer of aerospace and defense products and systems for the U.S. government, including the Department of Defense (DoD), the National Aeronautics and Space Administration (NASA), aerospace and defense prime contractors as well as portions of the commercial sector. Aerojet Rocketdyne is a world-recognized engineering and manufacturing company that specializes in the development and production of propulsion systems for defense and space applications, armament systems for precision tactical systems and munitions, and is considered in domestic market in launch propulsion, in-space propulsion, missile defense propulsion, tactical missile propulsion and hypersonic propulsion systems; Real Estate — includes the activities of its wholly-owned subsidiary Easton Development Company, LLC related to the re-zoning, entitlement, sale, and leasing of its excess real estate assets. It owns approximately 12,000 acres of land adjacent to U.S. Highway 50 between Rancho Cordova and Folsom, California east of Sacramento (Sacramento Land). The Company is currently in the process of seeking zoning changes and other governmental approvals on a portion of the Sacramento Land to optimize its value. In addition, it is currently in the process of completing certain infrastructure improvements to the Sacramento Land to reduce the time a developer would have to hold the Sacramento Land before development could start. The Company's primary aerospace and defense customers include the DoD and its agencies, NASA, and the prime contractors that supply products to these customers.