MINNEAPOLIS, Nov. 1 /PRNewswire/ -- ATK (NYSE: ATK) was awarded a $71 million contract by the Department of Defense to provide LUU-2D/B and LUU-19B/B illuminating flares supporting the military efforts of the United States and its allies.
The contract includes production and delivery of the flares for three years, with the first deliveries in 2011. The primary end user will be the U.S. Air Force. The LUU flares are aircraft-deployed and provide illumination for battlefield operations, search and rescue, ground targeting, and other missions. The LUU-2D/B provides visible light illumination, while the LUU-19B/B provides infrared energy.
"These flares are important tools in our military's defense," said Mark Messick, Vice President and General Manager Advanced Systems, ATK Aerospace Systems Group. "ATK continually updates the illuminating flares we produce to make them safer, more effective, and more reliable. Supporting our warfighters gives us a great sense of national pride."
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: changes in governmental spending, budgetary policies and product sourcing strategies; production issues; 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.