Aerojet In Pact with Arrow Electronics; Sees Realizing Significant Annualized Savings on Deal

Aerojet, a GenCorp (NYSE: GY ) company, announced today the signing of a multi-year master agreement with Arrow Electronics. The agreement covers procurement of approximately 65 percent of Aerojet's electronic component requirements. Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions