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Alliant Techsystems Awarded $45 Million Contract to Produce Composite Launch Tubes for Javelin Anti-Tank Weapon

Mar 11, 1999

Alliant Techsystems (NYSE: ATK) said it has been selected by the Raytheon TI/Lockheed Martin JAVELIN Joint Venture to be the supplier of composite launch tube assemblies for the JAVELIN anti-tank weapon system. Deliveries under an initial $10 million contract will begin in March 1999 and run through September 2000. A firm follow-on contract valued at $35 million calls for deliveries between October 2000 and September 2004.

Work on the program will be conducted at Alliant's composite structures manufacturing facility at the Allegany Ballistics Laboratory (ABL) in Rocket Center, W.Va.

JAVELIN is a portable medium-range fire-and-forget system used by the U.S. Army and the U.S. Marine Corps. Highly effective against all types of armor, it was first deployed by the U.S. Army at Ft. Benning, Ga. in June 1996. The system was approved for full-rate production in 1997.

Alliant produced over 2,000 JAVELIN launch tube assemblies during the program's low-rate initial production phase, and was one of three contractors competing for the new multi-year full-rate production award.

Alex Priskos, vice president and general manager, Tactical Business Unit, Conventional Munitions Group, said the Alliant JAVELIN team is proud to have been selected to participate in the program's full-rate production phase.

"JAVELIN is an important new weapon system that will give our fighting troops a tactical advantage on the battlefield of the 21st century," said Priskos. "We are honored to be a part of the contractor team that is responsible for delivering this system to our armed forces."

Priskos said the JAVELIN contract strengthens ABL's production base and enhances the facility's reputation as a manufacturing center of excellence for high-performance composite structures used in military applications.

Paul Miller, chairman and chief executive officer, said Alliant has made significant investments in advanced composite manufacturing technology.

"Those investments are paying dividends," said Miller. "We are well positioned to be a key supplier in a composite structures market that is being driven by an increased need for high-performance, lightweight materials for spacecraft, aircraft, and weapons systems."

Patented manufacturing techniques together with strict and uncompromising attention to quality, schedule, and low cost have made Alliant one of the world's leading manufacturers of filament-wound, hand laid-up, and fiber-placed composite structures. In addition to Rocket Center, W.Va., the company operates composite manufacturing facilities in Clearfield and Magna, Utah, and Iuka, Miss.

Alliant Techsystems is a $1.1 billion aerospace and defense company with approximately 6,300 employees. Headquartered in Hopkins, Minn., the company's business groups are Conventional Munitions, Space and Strategic Systems, and Defense Systems. Company news and information can be found on the Internet at http://www.atk.com/

SOURCE: Alliant Techsystems

Contact: Media, Rod Bitz, 612-931-5413, E-mail rod_bitz@atk.com, or
Investors, Richard N. Jowett, 612-931-6080, E-mail richard_jowett@atk.com,
both of Alliant



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