Published:
ATK Receives Additional $197 Million in Military Small-Caliber Ammunition Orders
MINNEAPOLIS, Oct. 8 /PRNewswire-FirstCall/ -- Alliant Techsystems
(NYSE: ATK) has received an additional $197 million in small-caliber
ammunition orders from the U.S. Army Sustainment Command inRock Island, Ill.
Work on the contracts will be performed by ATK at the Lake City Army
Ammunition Plant (LCAAP) inIndependence, Mo. The orders include $184 million
for the production small-caliber ammunition. An additional $13 million was
awarded for facility upgrades at the plant.
ATK began operating the LCAAP in 2000 and is the largest supplier of
ammunition tothe United States military, producing a mix of 5.56mm, 7.62mm,
.50-caliber, and 20mm cartridges. Working in partnership with the Army, ATK
has expanded manufacturing capacity at the plant and is under contract to
modernize the facility. The company is on track to deliver 1.4 billion rounds
of ammunition in FY09.
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 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 Steve Wold
Phone: 801-779-4625 Phone: 952-351-3056
E-mail: amanda.covington@atk.com E-mail: steve.wold@atk.com
SOURCE ATK
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Copyright © 2008, NewsBlaze,
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