ATK Awarded $4 Million Navy Contract to Develop Propulsion and Warhead For Spike Missile
Dec 19, 2001
ATK (Alliant Techsystems)(NYSE: ATK) has been awarded a $4 million contract from the Naval Air Systems Command, China Lake, Calif., to develop the propulsion system and warhead for the Spike shoulder-fired missile.
Under the three-year program, ATK Thiokol Propulsion Company, Promontory, Utah, will develop and test the Spike propulsion system for safe handling and firing, continue development to maturity, and deliver quantities to the Navy for flight testing.
Spike is a low-cost, fire-and-forget guided missile and launcher system designed to defeat targets such as unarmored or lightly armored vehicles, infantry fighting positions, mobile anti-aircraft systems, and slow-moving helicopters. The missile weighs 4.4 pounds and the launcher weighs 5.1 pounds, making the system easily carried in a backpack. Other potential applications include use as a tactical armament for unmanned aerial vehicles.
ATK Thiokol Propulsion Company has been a leader in propulsion technology development and production in the aerospace industry for over 40 years.
ATK is a $1.7 billion aerospace and defense company with leading positions in propulsion, composite structures, munitions, and precision capabilities. The company, which is headquartered in Edina, Minn., employs approximately 11,400 people and has two business groups: Aerospace and Defense. ATK news and information can be found on the Internet at http://www.atk.com/
SOURCE: Alliant Techsystems
Contact: Media, Rod Bitz, +1-952-351-3063, rod_bitz@atk.com, or
Investors, Steve Wold, +1-952-351-3056, steve_wold@atk.com, both of Alliant Techsystems
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