
GenCorp. Inc. [GY] on Friday posted wider net losses and lower sales in the first quarter due to cost growth on a rocket engine program and lower rocket engine sales.The net loss was $3.9 million, 7 cents earnings per share (EPS), compared to a net loss of $2.3 million (4 cents EPS) a year ago. Sales slipped 4 percent to $318.6 million from $332.1 million.Sales fell due to declines in its J-2X, RL-10 and RS-68 rocket engine programs. J-2X sales…