ATK Receives Orders Worth $54 Million For Tank Training Ammunition
ATK Total 120mm Production Now Exceeds 3.5 Million Rounds
Feb 14, 2005
Minneapolis, February 14, 2005 – ATK (Alliant Techsystems, NYSE: ATK) has received orders worth $54 million from the U.S. Army Joint Munitions Command, Rock Island, Ill., to continue production of 120mm training ammunition used by the Army’s M1A1/A2 Abrams main battle tank and to continue to provide logistics support for the ammunition.
This is the second annual procurement under a four-year contract with a potential total value of $220 million. Deliveries are slated to begin in December 2005. ATK has been in production of 120mm tank training ammunition for over 25 years with over 3.5 million rounds delivered to the US Army and Marine Corps as well as NATO Allies. Training with live fire ammunition is of strategic importance to the readiness of our troops who have demonstrated their capability in the recent events in Iraq.
ATK is the nation’s largest manufacturer of ammunition and the company produces a complete family of tactical and training rounds for main battle tanks. The company also is developing the U.S. Army’s next-generation combat and training ammunition for the Abrams tank.
Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending and budgetary policies, economic conditions, equity market returns, the company's competitive environment, the timing of awards and contracts, the outcome of contingencies, including litigation and environmental remediation, program performance, and sales projections. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and the statements contained herein, reference should be made to ATK’s filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K.
ATK is a $2.4 billion advanced weapon and space systems company employing approximately 14,000 people in 23 states. News and information can be found on the Internet at www.atk.com.
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