Alliant Techsystems and BAE Systems Team for JATAS Program
MINNEAPOLIS, Aug. 7 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) and BAE Systems have teamed to compete for the upcoming U.S. Navy and Marine Corps Joint Allied Threat Awareness System (JATAS) program. JATAS is the Navy’s planned next-generation missile warning system that will provide protection for rotary-wing aircraft from infrared guided missiles.
"ATK and BAE Systems have been credited for saving dozens of aircraft and their crews from hostile fire," said Bill Kasting, vice president and general manager of ATK's Integrated Systems division. "The teaming agreement will facilitate a joint effort that offers the best capabilities of both companies to develop a highly effective aircraft survivability system to meet existing and emerging battlefield threats."
ATK and BAE Systems have developed and fielded the AN/AAR-47 and AN/AAR-57 missile warning systems, respectively, for more than 3,000 rotary-wing and fixed-wing aircraft for the U.S. military and its allies.
The Navy is expected to make a contract announcement in 2009.
About ATK
ATK is a premier aerospace and defense company with more than 17,000 employees in 21 states and $4.5 billion in revenue. News and information can be found on the Internet at http://www.atk.com/.
About BAE Systems
BAE Systems is the premier 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. With approximately 100,000 employees worldwide, BAE Systems' sales exceeded 15.7 billion (US $31.4 billion) in 2007.
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 next-generation ASE, 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: Investor Contact: Tom Van Leunen Steve Wold Phone: 703-412-3218 Phone: 952-351-3056 E-mail: thomas.vanleunen@atk.com E-mail: steve.wold@atk.com BAE Systems Media Contact: Marianne Murphy Phone: 603-885-2812 Email: marianne.murphy@baesystems.com
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