UNITED24 - Make a charitable donation in support of Ukraine!

Military

ATK Awarded $22 Million Medium-Caliber Training Ammunition Contract

With Options, The Total Contract Value Could Exceed $100 Million
Ammunition Will Be Used by Apache Helicopters, Bradley Fighting Vehicles and Light Armored Vehicles

MINNEAPOLIS, May 29 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has received a $22 million contract to produce 25mm Bushmaster M793 Target Practice-Traced, 25mm M910 Target Practice Discarding Sabot-Traced and 30mm M788 Target Practice ammunition. The contract was awarded by the U.S. Army Sustainment Command, Rock Island Arsenal, IL. This is the first year of a five year, multiple year contract. If all options of the contract are exercised, the total value could be worth more than $100 million. Work on the contract will be performed at ATK's facilities in Arizona, Virginia and West Virginia.

The practice rounds provide the same ballistic performance as tactical ammunition, but at a much lower cost. The M793 and M910 are used for training on the Light Armored Vehicle and the Bradley Fighting Vehicle and other 25mm applications. The 30mm M788 is used with the Apache attack helicopter's cannon and the M230 Chain Gun.

ATK is a $3.8 billion advanced weapon and space systems company employing approximately 15,500 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:

Brian Grace
Phone: 952-351-5574
E-mail: brian.grace@atk.com

Investor Contact:
Steve Wold
Phone: 952-351-3056
E-mail: steve.wold@atk.com



NEWSLETTER
Join the GlobalSecurity.org mailing list