ATK Conducts Successful Precision Guidance Kit Divert Flight Test
ATK's PGK Design Demonstrates Divert Authority That Exceeds Requirements and Enhances Lethality
ATK is on Track to Complete its Technology Demonstration Program in Preparation for a Final Fly-Off This Spring
MINNEAPOLIS, Jan. 10 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) recently conducted a successful divert flight test of its low-cost Precision Guidance Kit (PGK). The PGK round was fired from a 155mm Howitzer at the Yuma Proving Grounds, Yuma, Arizona. The round maintained aerodynamic stability throughout its flight and demonstrated an in-flight divert capability well in excess of the company's design requirements for Increment 1, which is a 50 meter CEP.
"This was a critical flight test in support of the U.S. Army's PGK program and we are very pleased that ATK's design not only met but exceeded our test objectives," said Dave Wise, Vice President and General Manager, Advanced Weapons. "ATK's successful flight test is the result of a great design concept, coupled with the expertise and hard work of our PGK industry team."
The divert flight test is the first in a series of tests designed to demonstrate how ATK's PGK solution can maneuver to, and defeat its intended target. ATK's design features a fixed canard guidance package with gun- hardened electronics, a self-generated power supply, and a minimum number of moving parts. It is designed to not only meet, but exceed requirements for range, accuracy, and cost.
In July of this year, ATK was awarded one of two technology demonstration contracts to rapidly design and fly a PGK projectile. The company expects to enter into a fly-off this spring that will determine the final down-select for a System Development and Demonstration contract. ATK's industry team includes Rockwell Collins (NYSE: COL) and Draper Labs.
ATK is a $3.4 billion advanced weapon and space systems company employing approximately 15,000 people in 21 states. News and information can be found on the Internet at http://www.atk.com/ .
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, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
Media Contact:
Bryce Hallowell
Phone: 952-351-3087
E-mail: bryce.hallowell@atk.com
Investor Contact:
Steve Wold
Phone: 952-351-3056
E-mail: steve.wold@atk.com
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