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Under the first award, ATK will deliver 20mm Mk244 Armor Piercing Discarding Sabot (APDS) rounds for the U.S. Navy 20mm Phalanx anti-missile system. The award consists of a base year with four option years and deliveries beginning in December 2009. The Phalanx Close-In Weapons System (CIWS) is a fast-reaction, rapid-fire 20mm gun system that provides U.S. Navy ships with a terminal defense against anti-ship missiles that have penetrated other fleet defenses.
Under a separate award, ATK will deliver 30mm PGU-15 Target Practice (TP) ammunition for the U.S. Air Force's A-10 Warthog. Deliveries on the multiple-year contract begin in 2010. Specifically designed for close air support against a variety of ground targets, the A-10's combination of large and varied ordnance load, long loiter time, accurate weapons delivery, austere field capability, and survivability has proven invaluable to the United States and its allies. ATK's Mesa, Ariz. facility was awarded the contracts. Production will take place at the company's facilities in Lake City, Mo., Radford, Va., and Rocket Center, W.Va.
ATK produces more than eight million rounds of medium-caliber ammunition per year, including the revolutionary air bursting rounds it developed for the U.S. Navy and Marine Corps and a complete suite of ammunition for ATK's new Lightweight 25mm chain gun.
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: assumptions related to the volume of ammunition delivered under the IDIQ contract; 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.
Media Contact: Investor Contact:
Amanda Covington Jeff Huebschen
Phone: 801-779-4625 Phone: 952-351-2929
E-mail: amanda.covington@atk.com E-mail: jeff.huebschen@atk.com
SOURCE ATK
http://www.atk.com
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