ATK Forms 'Team MRM' to Compete for the U.S. Army's XM1111 Mid-Range Munition Program
LOCKHEED MARTIN, BAE SYSTEMS AND HR TEXTRON BRING EXPERIENCE AND EXPERTISE
ATK'S DESIGN PROVIDES ALL-WEATHER OPERATIONAL CAPABILITY AND ENHANCED LETHALITY
MINNEAPOLIS, July 12 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) announced today that it has formed "Team MRM" to compete for the U.S. Army's XM1111 Mid-Range Munition (MRM) program. ATK will serve as the system prime contractor for the program. Lockheed Martin (NYSE: LMT), BAE Systems and HR Textron (NYSE: TXT) are Team MRM members.
"Team MRM combines ATK's core competencies in gun-hardened precision projectiles with the world-class capabilities of Lockheed Martin, BAE Systems, and HR Textron to offer the U.S. Army an affordable, reliable weapon system capable of defeating threats today or threats our forces may face years from now," said Dave Wise, Vice President and General Manager, ATK Advanced Weapons Division. "The Team MRM design offers all weather performance, overwhelming lethality, and the ability to defeat advanced armor and active protection systems. The work share leverages the proven strengths of each team member to provide our customer a low-risk, best-value solution," Wise added.
MRM is a precision-guided 120mm smart munition designed with a dual-mode beyond line of sight (BLOS) capability for the Future Combat Systems (FCS), Mounted Combat System (MCS) manned ground vehicle.
"Lockheed Martin is excited to join ATK in this venture. We leveraged the Army's previous investment in Longbow's combat proven MMW algorithms in our MRM all-weather seeker," said Steve Barnoske, Lockheed Martin director.
"BAE Systems is pleased to bring its world-class seeker technology and expertise to the program to help our warfighters complete their missions safely and effectively. Our algorithms for a distributed aperture SAL seeker have recently been demonstrated in the Army's PGMM and APKWS programs," said Dan Murray, director of Tactical Seeker Programs at BAE Systems.
ATK is an industry leader in the design, build, test and production of advanced, gun-launched projectiles. Lockheed Martin Missiles and Fire Control (LMMFC) headquartered in Dallas, Texas, and BAE Systems' Sensor Systems unit headquartered in Nashua, New Hampshire are both national leaders in the development and production of integrated seeker systems. Each member of the team brings unique capabilities and a solid supplier base. Under the terms of the teaming agreement, ATK is the prime contractor and responsible for the overall MRM. Lockheed Martin is responsible for the millimeter wave (MMW) sensor seeker, guidance electronics and logistical support; and BAE Systems is responsible for providing the Semi-Active Laser Seeker (SALS) and integration support. HR Textron will provide the control actuation system.
ATK is a $3.9 billion advanced weapon and space systems company employing approximately 16,500 people in 21 states. News and information can be found on the Internet at http://www.atk.com/.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
BAE Systems is a global defense and aerospace company, delivering a full range of products and services for air, land, and naval forces, as well as advanced electronics, information technology solutions, and customer support services. BAE Systems, with 88,000 employees worldwide, had 2006 sales that exceeded $25 billion.
Textron Inc. is an $11 billion multi-industry company operating in 32 countries with approximately 40,000 employees. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at http://www.textron.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: the challenges of developing advanced precision munitions, 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.
ATK Media Contact:
Tracy Imm
Phone: 410-864-4824
E-mail: tracy.imm@atk.com
ATK Investor Contact:
Steve Wold
Phone: 952-351-3056
E-mail: steve.wold@atk.com
Lockheed Martin Media Contact:
Craig Vanbebber
Phone: 972-603-1615
E-mail: craig.vanbebber@lmco.com
BAE Systems Media Contact:
Karen Spiller
Phone: 603-566-2090
E-mail: karen.spiller@baesystems.com
Textron Inc. Media Contact:
Stephen Greene
Phone: 401-457-2411
E-mail: sgreene@textron.com
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