ATK Selected to Produce Training Ammunition for European Ally
Jan 24, 2000
ATK (NYSE: ATK)(Alliant Techsystems), said it has been selected by a European allied nation to produce 20mm training ammunition for use by its F-5E fighter aircraft.
Alliant Ammunition Systems Company, New Brighton, Minn., will manage the contract. Production will be done by Alliant Ammunition and Powder Company at the Radford Army Ammunition Plant in Radford, Va.
"This contract continues a long ATK tradition of supplying high-quality defense products to friendly European nations," said Michael McCann, president, Alliant Ammunition Systems Company.
McCann said the ammunition supplied under the contract will be produced at ATK's new state-of-the art medium caliber ammunition load, assemble, and pack facility at the Radford Army Ammunition Plant.
Alliant Ammunition Systems Company, which comprises ATK's U.S. and international medium caliber and tank ammunition business, is one of five operating companies within the company's Conventional Munitions business segment.
Conventional Munitions is the nation's largest manufacturer of military ammunition, with more than 120 million rounds of medium-caliber ammunition and over two million rounds of tank ammunition produced for the U.S. and its allies.
In addition to ammunition, Conventional Munitions designs and produces munitions propellants, tactical missile propulsion systems, warheads, and metal parts, composite structures for aircraft and weapons systems, infrared countermeasure flares, and commercial gunpowder. The group's operations are conducted by five companies: Alliant Ammunition Systems Company, Alliant Ammunition and Powder Company, Alliant Lake City Small Caliber Ammunition Company, Alliant Missile Products Company, and Alliant Kilgore Flares Company.
ATK is a $1.1 billion aerospace and defense company with leading market positions in munitions, solid propulsion, composite structures, and precision electronic fuzes. The company, which is headquartered in Hopkins, Minn., employs approximately 5,500 people and has three business segments: Conventional Munitions, Aerospace, and Defense Systems. ATK news and information can be found on the Internet at http://www.atk.com/
SOURCE: ATK
Contact: Media, Rod Bitz, 612-931-5413, rod_bitz@atk.com, or Investors,
Melanie E. R. Miller, 612-931-6921, melanie_miller@atk.com
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