GenCorp Prospects Likely To Sag After Antares Failure
- GenCorp is a leading supplier of rocket and missile propulsion systems, including the Antares system that exploded on lift-off Tuesday night.
- The spectacular explosion moments after lift-off of Orbital Sciences' Antares vehicle carrying a Cygnus capsule payload for delivery to the International Space Station was likely related to engine component failure.
- ORB shares are off over 15% in after-market trading. GenCorp is likely to experience significant exposure as the supplier of the engine implicated in the loss.