ATK Receives More than $200 Million in Orders for Small-Caliber Ammunition
ATK is the Primary Supplier of Small-Caliber Ammunition for U.S. Armed Forces
Oct 28, 2010
MINNEAPOLIS, Oct. 28 /PRNewswire/ -- ATK (NYSE: ATK) has received additional orders for small-caliber ammunition under an Indefinite Delivery Indefinite Quantity contract with the U.S. Army Contracting Command, Rock Island Contracting Center. These orders total more than $213 million for a mix of 5.56mm, 7.62mm, and .50-caliber ammunition to be produced by ATK at the Lake City Army Ammunition Plant (LCAAP) in Independence, Mo.
ATK Small Caliber Systems is a global leader in affordable high-volume, high-quality manufacturing of small-caliber ammunition. Since 2000 when it began operating the Lake City plant, ATK has produced more than 10 billion rounds, while successfully executing the modernization of the facility.
ATK is a premier aerospace and defense company with operations in 24 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; program performance; 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:
Amanda Covington
Phone: 801-779-4625
E-mail: amanda.covington@atk.com
Investor Contact:
Jeff Huebschen
Phone: 952-351-2929
E-mail: jeff.huebschen@atk.com
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