• Military Menu                       

• Introduction
• Systems
• Facilities
• Agencies
• Industry
• Operations
• Countries
• Hot Documents
• News
• Reports
• Policy
• Budget
• Congress
• Links

• WMD
• Intelligence
• Homeland Security
• Space

ATK Receives $25.5 Million for Production of 20mm PGU Ammunition

Feb 04, 2009

Contract Could Exceed $170 Million Over Five Years if all Options Exercised

Order Strengthens ATK's Position as World Leader in Medium Caliber Systems

MINNEAPOLIS, Feb. 4 /PRNewswire-FirstCall/ -- Alliant Techsystems has received a $25.5 million order from the U.S. Army Sustainment Command, Rock Island, Ill., to produce five variants of 20mm PGU ammunition. If all options are exercised, ATK's contract could exceed $170 million over five years. ATK will produce PGU-27A/B Target Practice (TP), PGU-30A/B Target Practice-Tracer (TP-T), PGU-28A/B Semi-Armor Piercing High Explosive Incendiary (SAPHEI), and a PGU-28A/B SAPHEI and PGU-30A/B TP-T linked configuration. These cartridges are used on the U.S. Air Force's F-15 and F-16, the U.S. Navy and Marine Corps F-18, and the U.S. Marine Corps Cobra AH-1 helicopter.

ATK's Medium Caliber Systems Division in Mesa, Ariz. was awarded the contract and will utilize the company's facilities in Lake City, Mo. and Radford, Va. to produce the ammunition.

ATK is the world leader in medium-caliber systems, producing more than eight million rounds of medium-caliber ammunition per year, including the revolutionary air bursting rounds it developed for the U.S. Navy and Marine Corps. ATK's medium-caliber systems are sold in more than 30 countries and are the primary gun system on the U.S. Army's Bradley Fighting Vehicle and Apache helicopter.

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 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 domestic and international 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:

    Amanda Covington                           Jeff Huebschen
    Phone:  801-779-4625                       Phone:  952-351-2929
    E-mail:  amanda.covington@atk.com          E-mail:  jeff.huebschen@atk.com