ATK Receives $54 M Training Tank Ammunition Order from US Army

Alliant Techsystems (NYSE: ATK) has received a $54 million order for 120mm training tank ammunition from the U.S. Army. The award is for the fourth year of a four-year contract. 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 the warfighter who must be prepared to react decisively on today's battlefield," said Bruce DeWitt, ATK Advanced Weapons Vice President and General Manager. "By leveraging our expertise in tactical 120mm tank ammunition, we have produced rounds that are visually and ballistically similar to their counterpart tactical rounds while meeting the reliability and safety performance requirements for use on U.S. and European ranges."

Source: Alliant Tech Systems, Inc (ATK) (NYSE: ATK)
Date: Mar 11, 2011