ATK Awarded $5 Million Contract to Begin Initial Development Of Precision-Guided Mid-Range Munition
Apr 11, 2002
ATK (Alliant Techsystems) (NYSE: ATK) has been awarded a $5 million contract from the U.S. Army Armament Research, Development, and Engineering Center (ARDEC), Picatinny Arsenal, N.J., to begin initial development of the Army's new precision-guided 105mm Mid-Range Munition (MRM). The contract represents the first phase of a 15-month program that will conclude with firing demonstrations.
The 105mm MRM projectile is designed to defeat main battle tanks equipped with explosively reactive armor and active protection systems. It is among the first in a line of precision munitions being developed for the U.S. Army's Future Combat System, a key element in the service's transformation to a more lethal and rapidly deployed fighting force.
ATK Ammunition Systems, Arden Hills, Minn., will manage the MRM program, with ATK Tactical Systems, Rocket Center, W. Va. and Clearwater, Fla., and ATK Integrated Defense, Plymouth, Minn., also conducting work on the program. All three companies are operating units within ATK's newly formed Precision Systems Group, which is pursuing opportunities in precision armament and ammunition systems.
The 105mm MRM will incorporate technologies developed for the Tank Extended Range Munition-Kinetic Energy (TERM-KE), a gun-launched, precision-guided munition that is compatible with 105mm and 120mm gun systems.
During the next 15 months, the MRM program will focus on technology demonstrations of the munition's seeker/guidance and control system, rocket motor propulsion, airframe system, lethal mechanism, and gun propulsion system.
ATK is a $2 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 11,600 people and has three business groups: Aerospace, Precision Systems, and Ammunition. 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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