Orbital ATK, Inc. (NYSE: OA) announced today that it has received orders totaling $203 million to produce small caliber ammunition for the U.S. Army. Orders for .30 caliber, .50 caliber, 5.56mm and 7.62mm ammunition were placed over the past few months under Orbital ATK’s seven-year supply contract to produce a variety of small caliber ammunition for the U.S. government at the Lake City Army Ammunition Plant (Lake City) in Independence, Missouri.
“Our commitment to world class quality and value-added services is unwavering,” said Kent Holiday, Vice President and General Manager of Orbital ATK's Small Caliber Systems division of the Defense Systems Group. “It is our proud legacy to be the U.S. Army’s leading supplier of small caliber ammunition by continuing to provide reliable, affordable ammunition that warfighters have come to depend on.”
Orbital ATK has operated Lake City for the U.S. Army since 2000, producing 19 billion rounds of small caliber ammunition. Orbital ATK and the U.S. Army are making facility upgrades and investing in state-of-the-art, high-volume technology to enhance the efficiency and cost-effectiveness of Lake City.
Orbital ATK’s Defense Systems Group is an industry leader in providing innovative and affordable precision and strike weapons, advanced propulsion and hypersonics, missile components across air-, sea- and land-based systems, ammunition and related energetic products.
Source: Orbital ATK, Inc.
Date: Oct 14, 2015