ATK Receives $36 Million Order for Production of 120mm Training Ammunition
ATK has Delivered More Than Four Million Rounds of 120mm Tank Ammunition Since 1980
ARLINGTON, Va., June 4, 2012 /PRNewswire/ -- ATK (NYSE: ATK) has received a $36 million order from the U.S. Army to produce 120mm training ammunition for tanks. The award is for a first base-year with four, one-year evaluated option years.
The 120mm training ammunition, used by the M1A1/A2 Abrams main battle tank, includes the M865 kinetic energy and the M1002 multi-purpose anti-tank training rounds. These training rounds closely replicate tactical ammunition in appearance and ballistic performance to provide the warfighter with an affordable, yet realistic training experience.
"High-quality training ammunition is essential to helping our warfighters prepare for mission success," said Bruce DeWitt, Vice President and General Manager for ATK's Armament Systems division. "We leverage our production expertise in tactical 120mm tank ammunition to deliver training rounds that meet performance, reliability, and safety requirements for use on U.S. and European ranges."
Since 1980, ATK has delivered more than four million rounds of 120mm tactical and training tank ammunition to the U.S. Army, U.S. Marine Corps, and allied militaries. Through its proven, system-level contracting approach that reduces the risk to the customer, ATK has delivered a constant supply of 120mm ammunition that is consistently reliable and affordable.
Production of the training ammunition will occur at the Allegany Ballistics Laboratory (ABL) facility in Rocket Center, W.Va. ABL is a U.S. Navy-owned, ATK-operated facility specializing in advanced manufacturing technologies for a variety of programs supporting current and future U.S. industrial base needs in conventional munitions assemblies, advanced electronic fuzing and integration, solid rocket motor propulsion, and advanced material structures. Program management and systems engineering support will occur at ATK's Plymouth, Minn. facility, which is the headquarters for the company's advanced weapons and armament systems.
ATK is an aerospace, defense, and commercial products company with operations in 22 states, Puerto Rico, and internationally. 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.
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