MINNEAPOLIS, Oct. 20 /PRNewswire-FirstCall/ -- ATK (NYSE: ATK) has received a $67-million Indefinite Delivery Indefinite Quantity (IDIQ) contract from the U.S. Navy for the production of AAR-47 Missile Warning System Weapon Replaceable Assemblies (WRAs). The award encompasses production of new and retrofit components, including optical sensors, control indicators and computer processors.
ATK's AAR-47 Missile Warning System is an electronic warfare system designed to protect helicopters and aircraft against surface-to-air missile threats. It also alerts aircrews to threats from laser-guided and laser-aided weapons. The AAR-47 is installed on aircraft flown by the U.S. and its allies in more than 16 countries. The systems are installed on more than 2,600 fixed and rotary-wing aircraft including the C-5, C-17, C-130, P-3, AH-1W, UH-1N, V-22.
"ATK's AAR-47 is a combat-proven, aircraft survivability system credited with saving numerous military aircrew lives and aircraft from attack," said Bill Kasting, Vice President and General Manager of ATK Defense Electronics Systems. "We develop and deliver affordable and reliable electronic warfare systems that protect U.S. and allied military aircrews flying in harm's way."
"There is no greater accomplishment than providing the warfighter with a reliable, battle-proven, low-cost, missile and laser warning capability," said Matt Lehtonen, Deputy Program Manager for the PMA-272 Aircraft Survivability Equipment Branch at the Naval Air Systems Command.
ATK is a premier aerospace and defense company with operations in 24 states, Puerto Rico, and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at www.atk.com.
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: assumptions related to the performance of the company's missile warning systems; 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.