ATK Continues Expansion into International Markets
MINNEAPOLIS, Jan. 27 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE:ATK) has been awarded a $36 million contract to provide lightweight (LW) 30mm M789 High Explosive Dual Purpose (HEDP) tactical ammunition and M788 training ammunition to the United Kingdom's (UK) Ministry of Defence. Production and delivery will take place in fiscal year 2010. Both rounds support the UK's fleet of AH-64 Apache Helicopters. This award follows a recently completed contract to supply M789 rounds to the UK, which was valued at $19 million.
ATK is the world's leader in medium-caliber systems, offering innovative chain gun technology and a suite of medium-caliber ammunition, including air bursting capabilities. The company currently manufactures 25mm through 40mm variants of its Bushmaster cannons and more than eight million rounds of medium-caliber ammunition per year. The cannons are sold in more than 30 countries and are the primary gun on the U.S. Army's Bradley Fighting Vehicle and Apache helicopter. ATK provides integrated weapons systems, such as the Palletized Autonomous Weapon System, that offer affordable survivability solutions to meet customer needs.
ATK is a premier aerospace and defense company with more than 17,000 employees in 21 states and approximately $4.6 billion in revenue. 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: assumptions related to foreign ammunition production capacity; 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 Steve Wold
Phone: 801-779-4625 Phone: 952-351-3056
E-mail: E-mail: DATASOURCE: ATK CONTACT: media, Amanda Covington, +1-801-779-4625, , or investors, Steve Wold, +1-952-351-3056, , both of ATK Web site: http://www.atk.com/
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