MINNEAPOLIS, March 10, 2011 /PRNewswire/ -- Alliant Techsystems (NYSE: ATK) has received a $54 million order for 120mm training tank ammunition from the U.S. Army. The award is for the fourth year of a four-year contract.
The 120mm training ammunition, used by the M1A1/A2 Abrams main battle tank, includes the M865 kinetic energy and the M1002 multi-purpose anti-tank training rounds. These training rounds closely replicate tactical ammunition in appearance and ballistic performance to provide the warfighter with an affordable, yet realistic training experience.
"High-quality training ammunition is essential to the warfighter who must be prepared to react decisively on today's battlefield," said Bruce DeWitt, ATK Advanced Weapons Vice President and General Manager. "By leveraging our expertise in tactical 120mm tank ammunition, we have produced rounds that are visually and ballistically similar to their counterpart tactical rounds while meeting the reliability and safety performance requirements for use on U.S. and European ranges."
Since 1980, ATK has delivered more than four million rounds of 120mm tactical and training tank ammunition to the U.S. Army, U.S. Marine Corps, and allied militaries. Through its proven, system-level contracting approach that reduces the risk to the customer, ATK has delivered a constant supply of 120mm ammunition that is consistently reliable and affordable.
Propellants for ATK's tank ammunition are produced by ATK at the Radford Army Ammunition Plant, Radford, Va. ATK's manufacturing center of excellence in Rocket Center, W. Va. provides the high-quality metal and composite components; projectiles; and cartridge load, assembly and pack operations. Program management is headquartered in ATK's Plymouth, Minn. facility.
As a prime contractor, ATK specializes in developing innovative, advanced weapon systems that provide affordable precision and effectiveness for artillery, mortars, tanks, naval gun systems, and tactical aircraft.
ATK is an aerospace, defense, and commercial products 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: 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.