ATK (NYSE: ATK) has received more than $16 million in non-standard (non-NATO) ammunition orders through a multi-year contract with the U.S. Army Contracting Command in Rock Island, Ill. Orders on the multi-year contract have totaled more than $177 million since it was awarded to ATK in December, 2008.
The ATK-provided supplies are critical for Afghan and coalition security forces to respond to internal and external threats. Under this contract, ATK provides technical oversight, quality assurance and supply chain management necessary to deliver non-standard small, medium, and large-caliber ammunition; aviation rockets; grenades; and mortars to Kabul, Afghanistan. In the two years ATK has been supplying non-standard ammunition and weapons to Afghanistan, deliveries have been consistently ahead of schedule.
“International growth is a key part of ATK’s strategy,” said ATK Armament Systems President Karen Davies, “and our ability to win this business and perform above expectations supports that effort.”
ATK is an aerospace, defense, and commercial products company with operations in 23 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: 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.
ATK (NYSE: ATK) has received more than $16 million in non-standard (non-NATO) ammunition orders…
by Tactical-Life.com / Apr 27, 2011