ATK Awarded $30 Million in Orders for Non-Standard Ammunition (NSA)
ATK Has Multi-Year NSA Contract to Sustain Allied Security Forces
Sep 14, 2011
MINNEAPOLIS, Sept. 14, 2011 /PRNewswire/ -- ATK (NYSE: ATK) has received a $30 million order to supply non-standard (non-NATO) ammunition to the security forces of Afghanistan via the U.S. Army's Product Director, Non-Standard Ammunition, Picatinny Arsenal, N.J.
To date, ATK has supplied more than 200 million non-standard ammunition items under an existing multi-year contract; and has consistently performed ahead of delivery schedule. ATK performs technical oversight, quality assurance, and supply chain management for a variety of non-standard small, medium, and large caliber ammunition, aviation rockets, rocket propelled grenades and mortars.
"ATK is focused on international expansion and continuing our outstanding performance on supply chain management. We are a leader in the non-standard ammunition marketplace and this latest award supports our core strategic priorities" said ATK Small Caliber Systems Vice President and General Manager Mark Hissong.
ATK is an aerospace, defense, and commercial products company with operations 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.
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