ATK (NYSE: ATK) announced that it is being awarded a Fixed Price Indefinite Delivery/Indefinite Quantity (IDIQ) agreement from the Department of Justice (DOJ) and Federal Bureau of Investigation (FBI) for .40 caliber ammunition. This contract to provide duty and training ammunition features a base of 12 months, includes four option years and has a maximum value of $75 million over the life of the contract.
Speer's Gold Dot Duty ammunition is known for excellent weight retention, reliable feeding and exceptional terminal performance. Speer also offers standard training ammunition and a reduced hazard option (RHT). The Speer RHT round features a frangible projectile that dissipates on contact and is ideal for training indoors and in close quarters.
"We understand and appreciate our customers' needs for highly-specialized duty and training ammunition," said Ron Johnson, President of ATK's Sporting Group. "Superior performance, accuracy and reliability are the reasons why Gold Dot remains the most trusted pistol ammunition for law enforcement agencies and departments worldwide. It has been the industry leader for almost two decades because of its toughness and ability to perform when it matters most. We are extremely pleased that our products will be used by these leading agencies directly responsible for protecting and keeping us safe."
Source: Alliant Tech Systems, Inc (ATK) (NYSE: ATK)
Date: Dec 12, 2012