ATK Awarded $80 Million in Medium-Caliber Ammunition Contracts
AMMUNITION WILL BE USED BY AC-130 GUNSHIPS, APACHE HELICOPTERS, BRADLEY FIGHTING VEHICLES, LIGHT ARMORED VEHICLES AND THE COUNTER ROCKET ARTILLERY MORTAR SYSTEM
ATK PORTFOLIO PROVIDES FULL SPECTRUM OF TACTICAL AND TRAINING AMMUNITION
MINNEAPOLIS, July 26 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has received $80 million in additional orders for 20mm M940, 25mm M792 and PGU-23, and LW30 M789 medium-caliber ammunition from the U.S. Army Sustainment Command, Rock Island Arsenal, IL. Work on the contracts will be performed at ATK facilities in Arizona, Missouri, Virginia and West Virginia.
"From training to tactical, operational engagement, ATK is proud of the role we play in support of our nation's war fighters," said Jim Cates, Vice President and General Manager ATK Medium Caliber Systems. "ATK supplies our troops and allies the broadest offering of high quality tactical and training ammunition available anywhere."
The M940 is a 20mm round used by the Counter-Rocket Artillery Mortar (C-RAM) force protection system. The M792 is a 25mm tactical round used by the Army's Bradley Infantry Fighting Vehicle as well as the U.S. Marine Corps' Light Armored Vehicle (LAV). The PGU-23 is a 25mm target practice round used by the U.S. Air Force on AC-130 gunships and the Marine Corps' AV-8B Harrier. And the M789 is a Light Weight 30mm tactical round used by the U.S. Army's AH-64 Apache Attack Helicopters.
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/.
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
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