ATK Awarded $15.4 Million Contract For AN/AAR-47 Missile Warning System Upgrade Kits
Jul 7, 2003
MINNEAPOLIS, July 7 /PRNewswire-FirstCall/ -- ATK (Alliant Techsystems, NYSE: ATK) has received a $15.4 million contract from the Naval Air Systems Command, Patuxent River, Md. for full rate production of AN/AAR-47 Missile Warning System sensor upgrade kits and full up systems. The kits and systems will be delivered to the U.S. Navy and U.S. Air Force for integration into multiple aircraft platforms.
"The sophisticated sensors ATK will deploy on Navy and Air Force aircraft as part of the AN/AAR-47 system will be an air crew's best friend," said Tom Wilson, President of ATK Missile Systems. "ATK sensors are ideally suited for identifying the distinctive plume of surface-to air missiles, either shoulder or crew-launched, and will give them the maximum time possible to initiate evasive maneuvers or defensive actions."
ATK Missile Systems, headquartered in Woodland Hills, Calif., will conduct work under the contract at its facility in Clearwater, Fla.
The AN/AAR-47 Missile Warning System is an electro-optical missile warning system for low, slow-flying aircraft. The system detects missile launches from a variety of missile sources. The system immediately displays identified threats to the pilot in the cockpit and provides a signal to dispense appropriate countermeasures. The improved sensor technology greatly increases the probability of detection while significantly reducing the false alarm rate.
ATK is a $2.2 billion aerospace and defense company with strong positions in propulsion, composite structures, munitions, precision capabilities, and civil and sporting ammunition. The company, which is headquartered in Edina, Minn., employs approximately 12,000 people and has three business groups: Aerospace, Precision Systems, and Ammunition and Related Products. ATK news and information can be found on the Internet at http://www.atk.com/
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The forecasts, projections, expectations, and opportunities for the performance of the company's AN/AAR-47 news release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from anticipated results, including unforeseen changes in governmental spending and budgetary policies, economic conditions, equity market returns, the company's competitive environment, the timing of awards and contracts and, the outcome of contingencies; including litigation and environmental remediation, program performance, and sales projections, in addition to other factors identified in ATK's filings with the Securities and Exchange Commission.
Source: ATK
CONTACT: Media, Bryce Hallowell, +1-952-351-3087,
bryce.hallowell@atk.com, or Investors, Steve Wold, +1-952-351-3056,
steve_wold@atk.com
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