ATK: $10 M to provide non-standard (non-NATO) ammunition for the Afghan Security Forces

Πηγή: PRnewswire
Nov 2 2011

ARLINGTON, Va., Nov. 2, 2011 /PRNewswire/ -- ATK (NYSE: ATK) announced today that it has received $10 million in orders to provide non-standard (non-NATO) ammunition for the Afghan Security Forces, under an existing three-year contract with the U.S. Army.

Under the contract from the U.S. Army Contracting Command in Rock Island, Ill., ATK provides supply chain management, quality assurance and logistical expertise in the delivery of non-standard small, medium, and large caliber ammunition, as well as mortars and rockets, for use by allied security forces.

“The receipt of these orders demonstrates our commitment to superior execution and on-time delivery of ammunition in support of our allies,” said Mark Hissong, Vice President and General Manager of ATK Small Caliber Systems. “So far, ATK has delivered more than 300 million non-standard items under our existing multi-year contract, and has consistently performed ahead of delivery schedule.”

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: 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.