Minneapolis, October 1, 2009 – Alliant Techsystems (NYSE: ATK) has received an initial $105 million contract award as part of a three-year contract by the U.S. Army Sustainment Command in Rock Island, Ill., to supply various types of non-standard (non-NATO) ammunition for the security forces of Afghanistan. If all options are fully exercised, the contract value could potentially exceed $200 million.This is ATK’s second contract from the U.S. Army to supply non-standard (non-NATO) ammunition for the security forces of Afghanistan. The first $87 million contract award was announced in December 2008.
In this new contract, ATK will integrate a larger team of international manufacturers for the delivery of non-standard (non-NATO) munitions, including small, medium and large-caliber ammunition, as well as mortars and rockets. ATK’s program and technical expertise, coupled with its global supply chain management capability, will ensure continued timely deliveries of quality non-standard (non-NATO) ammunition to Afghanistan.
“ATK continues to expand its global presence through international outreach initiatives,” said Mark DeYoung, President ATK Armament Systems. “By using ATK’s core strengths and the in-depth knowledge gained during the original Afghanistan non-standard ammunition program, we are providing low-risk armament systems solutions to meet the continuously emerging requirements of our customers.”
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. 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: assumptions made related to the performance of, and delivery of, non-standard ammunition; 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.
Minneapolis, October 1, 2009 – Alliant Techsystems (NYSE: ATK) has received an initial $105…
by Paul Markel / Oct 1, 2009