Published: October 20, 2008
ATK Poised to Enter Resurgent U.S. Nuclear Power Industry With New Composite Rotor Tube Manufacturing Facility in West Virginia
ROCKET CENTER, W.Va., Oct. 20 /PRNewswire-FirstCall/ -- Alliant
Techsystems (NYSE: ATK) is opening two new high-tech composite manufacturing
facilities at the Allegany Ballistics Laboratory (ABL) in Rocket Center,West
Virginia. The West Virginia Advanced Filament Winding Facility will be home
to ATK's new composite rotor tube manufacturing operations in support of
United States Enrichment Corporation (USEC) Inc. The facility is designed to
support USEC's American Centrifuge Uranium Enrichment Technology Program. The
Mountain State Ceramic Matrix Composites Manufacturing Center will expand
ATK's capacity to produce lightweight composite aircraft parts for the F-35
Joint Strike Fighter and other high performance military applications.
"The Allegany Ballistics Laboratory has become a national asset for the
production of critical military systems including Ammunition, Guided Weapons,
Precision Fuzing, Tactical Propulsion, and Advanced Composites. Soon, we will
be producing composite cases for the nuclear industry, vital to our Navy and
to the nation," said Jack Cronin, President of ATK Mission Systems Group.
"The pair of new manufacturing facilities are expected to enter production by
2009. ATK expects the new operations will bring more than 200 new jobs to
Mineral County.
Images of the rotor tubes and the F-35 JSF can be found on the company's
website: http://tinyurl.com/5vhws4.
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 the reemergence of nuclear power
facilities, 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:
Tom Van Leunen Steve Wold
Phone: (703) 412-3218 Phone: 952-351-3056
E-mail: thomas.vanleunen@atk.com E-mail: steve.wold@atk.com
SOURCE ATK
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