ATK Receives $34 Million in Orders for Small-Caliber Ammunition
ATK's Work to Modernize the Lake City Army Ammunition Plant Continues
MINNEAPOLIS, Oct. 8 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK), the largest supplier of small-caliber ammunition to the United States military, has received $34 million in orders for the production of small-caliber ammunition at the Lake City Army Ammunition Plant in Independence, MO. The orders, issued by the U.S. Army Sustainment Command, Rock Island, Ill, include 7.62mm and .50-caliber cartridges.
"Lake City continues to deliver ammunition at its highest rate since the 1970's," said Karen Davies, Vice President and General Manager ATK Lake City Army Ammunition. "In addition, ATK has partnered with the Army to modernize this important national asset to ensure the country will have the ammunition it needs for years to come."
ATK operates the U.S. Army's Lake City ammunition plant in Independence, Mo., where it produces a mix of 5.56mm, 7.62mm, .50-caliber and 20mm cartridges.
ATK is a $4.0 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
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