BRIEF: Elbit, ATK conduct successful rocket launch from helicopter: The companies said that GATR will be particularly effective in urban areas or against targets where a low collateral damage solution is required.

Wed. June 03, 2009; Posted: 03:35 PM

Jun 03, 2009 (Globes - McClatchy-Tribune Information Services via COMTEX) -- ATK | Quote | Chart | News | PowerRating -- Defense electronics firm Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) and aerospace and defense company Alliant Techsystems (NYSE: ATK | Quote | Chart | News | PowerRating) announced today that they have successfully conducted flight tests of the Guided Advanced Tactical Rocket (GATR).

In a recent demonstration, conducted in Israel, GATR was deployed from a helicopter using a "lock-on before launch" method to engage an off-boresight target at a range of approximately three kilometers. The laser designated guided flight, launched from a standard 2.75 inch launcher, resulted in a direct impact on the target.

GATR supports lock-on before or after launch as well as autonomous or remote laser designation. The system can be deployed against targets at ranges of 1.5 to 8+ kilometers from fixed and rotary-wing aircraft.

The companies said that GATR will be particularly effective in urban areas or against targets where a low collateral damage solution is required.

ATK has more than 18,000 employees in the US and around the world, with revenue of more than $4.7 billion.

Shares in Elbit closed at $61.85 yesterday, giving a market cap of $2.6 billion.

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For full details on Alliant Techsystems Inc (ATK) click here. Alliant Techsystems Inc (ATK) has Short Term PowerRatings of 5. Details on Alliant Techsystems Inc (ATK) Short Term PowerRatings is available at This Link.

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