GDX Automotive Is Awarded the Door Sealing System on the 2005 BMW 3 Series Coupe and Cabrio
SACRAMENTO, Calif., July 28 -- GenCorp Inc. announced today that its GDX Automotive segment has been awarded the design and production of the door sealing system for the BMW 3 Series Coupe and Cabrio. GDX Automotive has a long-standing relationship with BMW. The award of this program represents approximately euro 70 million (US $73 million) over the life of the vehicle.
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"This is an important vehicle for BMW and for GDX Automotive and further demonstrates our ability to design and deliver world class sealing systems," said Mike Bryant, president of GDX Automotive.
GDX Automotive is the world's second largest automotive vehicle sealing supplier and a global leader in sealing technology for cars and light trucks.
GenCorp is a global, technology-based manufacturer with leading positions in automotive, aerospace and defense and pharmaceutical fine chemical industries. For more information on GenCorp visit the Company's web site at http://www.gencorp.com/ .
This release contains forward-looking statements as defined under the federal securities laws, including statements about the value of the award. Such forward-looking statements involve risks and uncertainties, including sales and production rates of BMW 3 Series and Cabrio vehicle programs, which could cause actual results to differ from the statements.
Other risk factors are described in more detail in GenCorp's Annual Report on Form 10-K for the year ended November 30, 2002 and its subsequent periodic and other filings with the Securities and Exchange Commission. Additional risks may be described from time to time in future filings with the U.S. Securities and Exchange Commission. All such risk factors are difficult to predict, contain material uncertainties that may affect actual results, and may be beyond GenCorp's control.
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