New Orders Include Additional Production of 5.56mm, 7.62mm and .50-Caliber Rounds
Work on Contract to be Performed at the ATK-Operated Lake City Army Ammunition Plant
MINNEAPOLIS, June 17 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK - News) has received an additional $42 million in small-caliber ammunition orders from the U.S. Army Sustainment Command in Rock Island, Ill. Work on the contracts will be performed by ATK Small Caliber Systems at the Lake City Army Ammunition Plant (LCAAP) in Independence, Mo. The orders are for the production of 5.56mm, 7.62mm and .50-caliber ammunition.
ATK began operating the LCAAP in 2000 and is the largest supplier of small-caliber ammunition to the United States military, producing a mix of 5.56mm, 7.62mm, .50-caliber, and 20mm cartridges, as well as ammunition links. Working in partnership with the Army, ATK has expanded manufacturing capacity at the plant and is also under contract to modernize the facility. The company has delivered an overall business total of 1.4 billion rounds of ammunition in Fiscal Year 2009.
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.7 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.
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