Orders Reaffirm ATK's Projection to Deliver 1.4 Billion Military
Small-Caliber Rounds in FY09
Minneapolis, May 21 /PRNewswire-FirstCall/ -- Alliant Techsystems
(NYSE: ATK), the largest supplier of ammunition to the United States
military, has received an additional $89 million in military small-caliber
ammunition orders and modernization funding from the U.S. Army Sustainment
Command in Rock Island, Ill. Work on the contracts will be performed by ATK
at the Lake City Army Ammunition Plant (LCAAP), Independence, Missouri. The
Army has awarded ATK $72 million for small-caliber ammunition. The
remainder of the funds will be devoted to various plant modernization
projects.
ATK operates the U.S. Army's LCAAP where it produces 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 to 1.6 billion
rounds. ATK began operating the plant in 2000, and is now under contract to
modernize the facility, which has remained largely unchanged from the
plant's groundbreaking in 1940.
"We are pleased with the contract awards and maintain our high-level
commitment to produce quality ammunition," said ATK Armament Systems
President Mark DeYoung. "We are grateful for the opportunity to continue
delivering performance and survivability solutions to our nation's
defenders."
ATK is a premier aerospace and defense company with more than 17,000
employees in 21 states and $4.5 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: 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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Related links:
http://www.ATK.com
CONTACT:
Media, Amanda Covington, +1-801-779-4625,
amanda.covington@atk.com, or Investors, Steve Wold,
+1-952-351-3056, steve.wold@atk.com, both of ATK
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