ATK (NYSE: ATK) announced today that Airbus Military has selected ATK for a contract in excess of $100 million to produce composite wing cover stringers for use on the A400M Military Transport Aircraft. The A400M is a new generation, four-engine turboprop military transport aircraft designed by Airbus Military, with its first aircraft delivery planned for the second trimester in 2013. This aircraft is already in full production and Airbus has selected ATK, a demonstrated expert in composite manufacturing, for this specific work package.
The A400M work package will be produced in the Aircraft Commercial Center of Excellence (ACCE) facility used for commercial aircraft and engine programs in Clearfield, Utah. The A400M work will use many of the same manufacturing processes already deployed within the ACCE facility.
"ATK is excited to continue expanding the scope of our relationship with Airbus," said Joy de Lisser, vice president and general manager of ATK's Aerospace Structures Division. "This scope complements the success we've already created with Airbus and demonstrates their confidence in our people and processes."
The contract between ATK and Airbus includes 122 wing cover stringers per aircraft for 180 aircraft. Airbus has already achieved sales for 174 aircraft. ATK may have the opportunity to grow as more A400M aircraft are sold.
Source: Alliant Tech Systems, Inc (ATK) (NYSE: ATK)
Date: Oct 29, 2012