Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense technologies, announced today that it has received orders totaling $210 million to produce small caliber ammunition for the U.S. Army. Orders were placed for .50 caliber, 5.56mm and 7.62mm ammunition under Orbital ATK’s 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.
“This latest order continues a long history of supplying only the best ammunition to our warfighters,” said Kent Holiday, Vice President and General Manager of Orbital ATK's Small Caliber Systems division of the Defense Systems Group. “Every round is produced with the highest quality because we know that those defending freedom depend upon the good work of our employees.”
Orbital ATK has operated Lake City for the U.S. Army since 2000, during which approximately 15 billion rounds of small caliber ammunition has been produced to support U.S. and allied warfighters around the globe. During the past several months, Orbital ATK and the U.S. Army have been making upgrades and investing in state-of-the-art, high-volume technology to enhance the efficiency and cost-effectiveness of the facility.
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: May 3, 2016