MINNEAPOLIS, Sept. 12, 2011 /PRNewswire/ -- ATK (NYSE: ATK) announced today that it has signed a long-term international distribution agreement for energetic products with the Polish manufacturer, Zaklady Chemiczne, known as Nitro-Chem.
"This agreement brings together our expertise in supply chain management and worldwide marketing and distribution of energetic materials with Nitro-Chem's unique manufacturing capabilities," said Kent Holiday, ATK Energetic Systems Vice President and General Manager. "It helps diversify our business by facilitating our expansion into the commercial energetics market, and offers us growth opportunities in both the domestic and international markets."
Under the terms of the agreement, ATK will market and distribute Nitro-Chem-produced explosives including TNT for both military and commercial applications. Other explosive products and compounds, including boosters for commercial mining and construction, RDX, HMX, Comp B, and DNT, will also be distributed under the terms of the agreement.
ATK is an aerospace, defense, and commercial products company with operations in 22 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 regarding growth opportunities in domestic and international markets; 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.