ATK Awarded Contracts Worth $75 Million to Produce Small-Caliber Ammunition
Production at Lake City Army Ammunition Plant Is at Highest Level in 16 Years
Oct 29, 2003
MINNEAPOLIS, Oct. 29 /PRNewswire-FirstCall/ -- ATK (Alliant Techsystems) (NYSE:ATK) , the nation's largest manufacturer of ammunition, has been awarded contract modifications worth $75 million to produce additional small-caliber ammunition to meet Department of Defense training and war reserve requirements.
The contract modifications from the U.S. Army Joint Munitions Command in Rock Island, Ill. are additions to a one-year production contract awarded earlier this year, which represented the fifth annual procurement under a ten- year basic contract. The modifications bring the total value of small-caliber ammunition orders awarded under the annual procurement to $264 million.
ATK Lake City Small Caliber Ammunition will produce the ammunition at the Lake City Army Ammunition Plant in Independence, Mo., which the company manages for the U.S. Army. Production at the plant is at its highest level in 16 years following recent orders from the U.S. Army for increased quantities of training and combat ammunition.
ATK Lake City Small Caliber Ammunition is the leading supplier of small- caliber ammunition to the Department of Defense, producing 5.56mm, 7.62mm, .30 caliber, .50 caliber, and 20mm cartridges. The company is one of three operating units within ATK's Ammunition and Related Products Group, which produces more than 3.5 billion rounds of small-caliber and medium-caliber military ammunition annually.
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 12,200 people and has three business groups: Precision Systems, Aerospace, and Ammunition and Related Products. ATK news and information can be found at http://www.atk.com/
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Source: Alliant Techsystems
CONTACT: Media, Bryce Hallowell, +1-952-351-3087,
bryce.hallowell@atk.com, or Investors, Steve Wold, +1-952-351-3056,
steve_wold@atk.com, both of ATK
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