ATK Joint Venture Awarded $191 Million Contract for Minuteman Propulsion Replacement Program
Jan 8, 2002
ATK (Alliant Techsystems)(NYSE: ATK) said a joint venture between ATK Thiokol Propulsion Company and Pratt & Whitney Space and Missile Propulsion has been awarded a one-year contract option worth $191 million from TRW, Inc. for the U.S. Air Force Minuteman Intercontinental Ballistic Missile (ICBM) System Propulsion Replacement Program. ATK will receive approximately 60 percent of the total contract value for its work as the joint venture lead contractor.
The joint venture will refurbish and remanufacture all three solid propulsion stages of the Minuteman ICBM system. ATK Thiokol Propulsion Company is responsible for demilitarization of each stage and production of first-stage motors and ordnance systems. Pratt & Whitney Space and Missile Propulsion produces the third-stage motors. The companies jointly produce the second stage motors.
Carroll Bobb, vice president, Air Force programs, ATK Thiokol Propulsion Company, said the contract option -- the first for full-rate production -- follows a successful low-rate production program with completion of all Air Force critical milestones, including deployment of the first refurbished Minuteman ICBM to an operational silo in 2001.
"We are pleased to move into full-rate production on this important strategic deterrence program, which is vital to our nation's security," said Bobb. "Our success during low-rate production was due to the work of a professional and dedicated team. We are committed to continuing this outstanding performance as we transition to the next phase of the program."
ATK Thiokol Propulsion Company, Promontory, Utah, is the world's leading supplier of solid propulsion motors. The company produces rocket motors for NASA's Space Shuttle and for a number of unmanned space launch vehicles, including Delta, Titan IV, Athena, Pegasus®, and Taurus®.
ATK is a $2 billion aerospace and defense company with leading positions in propulsion, composite structures, munitions, and precision capabilities. The company, which is headquartered in Edina, Minn., employs approximately 11,400 people and has two business groups: Aerospace and Defense. ATK news and information can be found on the Internet at http://www.atk.com/
SOURCE: Alliant Techsystems
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