ATK Receives $10 Million Order for Enhanced Portable Inductive Artillery Fuze Setters (EPIAFS) After Passing First Article Acceptance Testing
ATK Expedites Manufacture of 420 Systems to Support Training and Deployment by the U.S. Army and U.S. Marine Corps
EPIAFS Able to Program New GPS-Guided Precision Artillery Shells
Sep 02, 2009
MINNEAPOLIS, Sept. 2 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) recently received a $10 million order for Enhanced Portable Inductive Artillery Fuze Setters (EPIAFS), following successful completion of First Article Acceptance Testing (FAAT) with the U.S. Government. The contract was awarded to ATK by the U.S. Army Program Manager - Combat Ammunition Systems located at Picatinny Arsenal, New Jersey.
The EPIAFS provides warfighters the capability to download automated fire control data to initialize the Global Positioning System (GPS) on 155mm projectiles such as XM982 Excalibur, and rounds equipped with ATK's Precision Guidance Kit (PGK). In addition, the EPIAFS is also capable of setting all NATO standard fuzes on projectiles fired from the M109A6 Paladin self-propelled howitzer, M777A2 lightweight towed howitzer and the future Non-Line-Of-Sight cannon.
The comprehensive FAAT requirements included more than 100 component level first article acceptance requirements. Since completing the FAAT, ATK expedited delivery of 420 systems to the U.S. Army and Marine Corps to meet urgent training and deployment requirements. "Our ability to expedite delivery of these units underscores our commitment to the warfighter to deliver affordable innovation," said Bart Olson, Vice President and General Manager, ATK Tactical Propulsion Systems.
"This innovative product provides our warfighters enhanced capability to set and fire 155mm conventional and precision-guided projectiles," said Olson. "ATK has more than 40 years experience in manufacturing electronic fuzes and subsystems. We are dedicated to providing quality products our customers can depend on."
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. 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 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: Rod Gibbons Jeff Huebschen Phone: 410-864-4932 Phone: 952-351-2929 E-mail: firstname.lastname@example.org E-mail: email@example.com
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