ATK (NYSE: ATK) today announced that it has been selected to provide the Thermal Control Subsystem for the Integrated Sensor is Structure (ISIS) program. The contract, awarded by Lockheed Martin (NYSE: LMT), is a critical component of the Defense Advanced Research Projects Agency (DARPA) ISIS Airship. Lockheed Martin leads an industry team in the development of an airship-based autonomous unmanned sensor with unique capabilities to track ground and air targets.
“This award is a strategic win for ATK because it marks our first thermal award in this high altitude, near-space defense market,” said Tom Wilson, vice president and general manager, ATK Spacecraft Systems and Services. “We are a world leader in the design and production of heat transport devices with the corporate commitment and resources to deliver top-quality hardware on schedule. Our record of proven performance will enable us to continue to expand into adjacent markets while exceeding the expectations of our current customers.”
The scope of work to be performed on the ISIS program includes designing, developing, building, and testing hardware that performs heat acquisition, heat transport, and heat rejection for two complete thermal systems. The baseline design for both systems is a pumped two-phase fluid loop which interfaces with large, lightweight radiator panels attached to the vehicle powerbay. Work on the contract will be performed at ATK’s Beltsville, MD facility.
ATK designs and produces market-leading integrated thermal control systems for military, intelligence, commercial, civil and international customers.
ATK is an aerospace, defense, and commercial products company with operations in 24 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. Distribution Statement “A” (Approved for Public Release, Distribution Unlimited).
ATK (NYSE: ATK) today announced that it has been selected to provide the Thermal Control…
by Tactical-Life.com / Jan 25, 2011