ATK Awarded $166 Million in New Orders for Small-caliber AmmunitionCONTINUED MODERNIZATION EFFORTS KEEP ATK ON TRACK TO REACH 1.5 BILLION IN CAPACITY
Minneapolis, January 19, 2006 – Alliant Techsystems (NYSE: ATK), the largest supplier of small-caliber ammunition to the United States military, has received additional small-caliber orders from the U.S. Army Field Service Command, Rock Island, Ill., worth more than $166 million. ATK operates the U.S. Army’s Lake City small-caliber ammunition plant in Independence, Mo., where it produces a mix of 5.56mm, 7.62mm, 50-caliber and various other small-caliber rounds.
The Global Military Electro Optical Infrared (EO/IR) Market 2014-2024
Since winning the contract to produce small-caliber ammunition in April 2000, ATK has steadily increased production. In partnership with the U.S. Army, ATK is modernizing the facility to reach a production capacity of 1.5 billion rounds annually by March 2006. The modernization effort is on schedule and ATK stands ready to provide U.S. forces with the small-caliber ammunition they need to train for, fight and win the global war on terror.
ATK is a $3.1 billion advanced weapon and space systems company employing approximately 15,000 people in 23 states. News and information can be found on the Internet at www.atk.com.
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : ATK