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June 15, 2009 (FinancialWire) -- Alliant Techsystems (NYSE: ATK | Quote | Chart | News | PowerRating) has received $31 million in awards under two contracts from the U.S. Army to produce 20mm and 30mm tactical and training ammunition.
Under the first award, ATK will deliver 20mm Mk244 armor piercing 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 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 ammunition for the U.S. Air Force's A-10 Warthog. Deliveries on the multiple-year contract begin in 2010.
Minneapolis-based Alliant Techsystems is an aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and posted revenues in excess of $4.7 billion.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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