ATK Awarded $100 Million Contract for Trident II Solid Rocket Propulsion Systems
ATK's 53-Year History of Submarine Missile Propulsion Extended Through calendar year 2013
Nov 11, 2009
MINNEAPOLIS, Nov. 11 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has received a $100 million contract from Lockheed Martin (NYSE: LMT) to produce solid rocket propulsion systems for all three stages of the U.S. Navy's Trident II (D-5) Fleet Ballistic Missile (FBM).
Under terms of the annual contract, ATK will continue to supply Trident solid rocket propulsion systems to the Trident II (D-5) Missile System Prime Contractor, Lockheed Martin Space Systems Company, Sunnyvale, Calif, through calendar year 2013. Deployed in 1990, the Trident II (D-5) is the only U.S. submarine-launched strategic missile system in production today.
"ATK is pleased to support Lockheed Martin and the U.S. Navy on this critical program and looks forward to continued success on this joint effort." said Blake Larson, President of ATK Space Systems group. "The success of the program was recently highlighted with the 127th consecutive successful test flight."
ATK is the world's leading supplier of solid rocket motors. It has a 53-year history of producing solid propulsion systems for submarine-launched ballistic missiles, beginning with the Polaris missile and continuing through the Trident II (D-5) FBM. The company's solid rocket portfolio ranges from 3-inch diameter spin motors to the Space Shuttle's Reusable Solid Rocket Motors (RSRM).
ATK is a premier aerospace and defense company with more than 19,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.5 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: George Torres
Phone: 801-699-2637
E-mail: george.torres@atk.com
Investor Contact:
Jeff Huebschen
Phone: 952-351-2929
E-mail: jeff.huebschen@atk.com
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