ATK Awarded $220 Million for International Contracts to Deliver Medium-Caliber Cannons and Product Lifecycle Support Services to U.S. Allies

ARLINGTON, Va., July 21, 2014 /PRNewswire/ -- ATK (NYSE: ATK), a world-leading producer of ammunition, precision weapons and rocket motors, announced today that it has received international contracts totaling more than $220 million from U.S. allies for medium-caliber cannons and aftermarket services that will support cannon system integration and product lifecycle.

"Providing defensive weapons systems and support services to our country's allies is at the core of our international business and represents important growth across many of our key products," said Mike Kahn, senior vice president and president of ATK's Defense Group. "ATK brings experience, innovation and value to its customers, earned from its unique position in the defense industry as a systems designer, manufacturer and maintainer."

Manufactured at ATK Armament Systems' factory in Mesa, Ariz., Bushmaster^® Chain Guns^® and Automatic Cannons are highly coveted for integration across land, air and sea weapons platforms due to their proven performance, reliability and effectiveness.

"Our guns team possesses the unique combination of experience and technological innovation that has set the standard within our industry," said Dan Olson, vice president and general manager of ATK's Armament Systems division. "Today, more than 16,000 of our cannons are installed on allied platforms worldwide."

In addition to delivering world-class medium-caliber cannons, ATK also provides full product lifecycle support, which delivers a next level of value to cannon customers by ensuring weapons systems are always fully mission capable, well-maintained and are easily upgraded to meet future requirements.

As a preferred service provider, ATK offers fully customizable programs for integrated logistics, OEM-quality spares, training, field service support, repair, and remanufacturing capabilities for its entire line of Bushmaster^® Chain Gun^® and Automatic Cannons. ATK also provides aftermarket services at the time of sale or as an enhanced offering to those who already have an installed base of ATK cannons. Additionally, ATK is capable of providing similar services for non-ATK medium-caliber cannons worldwide.

ATK's Defense Group is an industry leader in providing innovative and affordable ammunition, precision and strike weapons, electronic warfare systems, and missile components across air-, sea-, and land-based systems.

ATK is an aerospace, defense and commercial products company with operations in 22 states, Puerto Rico and internationally. News and information can be found on the Internet at www.atk.com, on Facebook at www.facebook.com/atk or on Twitter @ATK.

Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.

SOURCE ATK