LW30mm Provides Firepower for Apache Helicopters ATK is a Leading Supplier of Integrated Medium-Caliber Weapon Systems Worldwide
MINNEAPOLIS, Oct. 5 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has been awarded a $25 million contract option to provide lightweight (LW) 30mm M789 High Explosive Dual Purpose (HEDP) tactical ammunition for the AH-64D Apache attack helicopter. The U.S. Army Contracting Command, Rock Island Contracting Center, Rock Island, Ill., awarded the contract. This option is in addition to an $86 million base award that ATK announced in July. Production on this contract option will begin in March 2011 at the company's facilities in Radford, Va. and Rocket Center, W.Va.
ATK produces more than eight million rounds of medium-caliber ammunition per year, including the revolutionary air-bursting rounds it developed for the U.S. Navy and Marine Corps, and a complete suite of ammunition for ATK's new LW 25mm chain gun. The company is a leading supplier of integrated medium-caliber systems that include medium-caliber cannons, ammunition, and electronics and fire control, delivering affordable and innovative technology to provide enhanced solutions and capabilities to customers worldwide.
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 http://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:
Amanda Covington Jeff Huebschen
Phone: 801-779-4625 Phone: 952-351-2929
E-mail: E-mail: DATASOURCE: ATK CONTACT: Media, Amanda Covington, +1-801-779-4625, , or Investors, Jeff Huebschen, +1-952-351-2929, , both of ATK Web Site: http://www.atk.com/
|