ATK Awarded $46.5 M Ammunition Contract

• ATK Commercial Training Ammunition to be Used by U.S. Navy, Air Force, Marine Corps and Coast Guard
• Contract Adds to ATK's Portfolio of Specialized Ammunition Products for Military Use

Anoka, Minn. - ATK (NYSE: ATK) announced that it is being awarded a $46.5 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract for AA40 5.56mm frangible ammunition by the Naval Surface Warfare Center, Crane Division in Crane, Ind. The AA40 5.56mm frangible ammunition is a commercial product that will be used by the Navy, Air Force, Marine Corps and Coast Guard in rifles and carbines chambered for this caliber without modification.

The rounds are ideal for training purposes because they reduce the risk of personal injury and collateral damage during training exercises for military operations in urban terrain and close quarters battle. The frangible ammunition is designed to disintegrate into small fragments on impact, minimizing over-penetration and ricochet hazards. The polymer-compound round produces limited splash back, which vastly decreases ricochets.


"This contract is a great example of how ATK is taking its industry-leading products and technologies into multiple markets," said Ron Johnson, President of ATK's Security and Sporting group. "ATK frangible training ammunition has been recognized as the best in the business by law enforcement agencies, and we're proud that it will help prepare U.S. military personnel as well. Our team continues to work closely with customers like the Navy to provide the right product technology for their needs."

Source : Alliant Tech Systems, Inc (ATK) (NYSE: ATK)