Innovative ATK Technology Will Provide Added Capability for the Warfighter
MINNEAPOLIS, March 10 /PRNewswire-FirstCall/ -- Alliant Techsystems
(NYSE: ATK) announced today it was selected by Air Force Research
Laboratory (AFRL) to receive a $1.6 million contract to continue
development of an innovative small, lightweight warhead that will provide a
unique battlefield solution to stop an enemy target.
The BattleAxe warhead program is funded by the Air Force Research
Laboratory at Eglin Air Force Base, Fla. The goal of this program is to
develop a multi-role, miniature warhead. BattleAxe uses material which
allows a smaller warhead to destroy targets completely without causing
major collateral damage to the surrounding areas.
Potential targets for the BattleAxe include, unarmored and armored
vehicles, buildings in urban environments, and other potential threats.
Applications for this warhead include low-cost mini-cruise-missiles and
weaponized unmanned aerial vehicles, allowing greater protection for
deployed troops in hostile environments.
"The BattleAxe technology offers the warfighter the capability to
defeat an enemy threat with a smaller weapon," said David Riemer, ATK vice
president of Science and Engineering. "This lightweight warhead provides
significant operational flexibility and a capability that today, only
exists in larger weapons
The BattleAxe program consists of three-phases. ATK successfully
completed a phase one program and has won the phase two down-select to be
the single provider.
ATK is an advanced weapon and space systems company with annual
revenues in excess of $4.1 billion that employs approximately 17,000 people
in 21 states. 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: the challenges of developing
advanced warhead technology, 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:
Trina Patterson Steve Wold
Phone: 801-699-0943 Phone: 952-351-3056
E-mail: trina.patterson@atk.com E-mail: steve.wold@atk.com
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