ATK Receives $134 Million Order for Small-caliber Ammunition
ATK’S FY06 Small-caliber Production Expected to Surpass 1.3 Billion Rounds
Minneapolis, March 9, 2006 – Alliant Techsystems (NYSE: ATK), the largest supplier of small-caliber ammunition to the United States military, has received additional small-caliber orders from the U.S. Army Field Service Command, Rock Island, Ill., worth more than $134 million. ATK operates the U.S. Army’s Lake City small-caliber ammunition plant in Independence, Mo., where it produces a mix of 5.56mm, 7.62mm, 50-caliber and various other small-caliber rounds.
By pursuing an aggressive plant expansion plan developed more than two years ago, the United States Army and ATK are increasing production capacity at Lake City to 1.5 billion rounds annually. “The production ramp-up at Lake City is a terrific example of a successful government/industry partnership and ATK proudly supports the Army’s effort to ensure that our troops have the ammunition they need for training and combat,” said Mark DeYoung, President, ATK Ammunition Group.
ATK is a $3.1 billion advanced weapon and space systems company employing approximately 15,000 people in 23 states. 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: production rates at the company’s small-caliber ammunition facility, 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, reference should be made to ATK’s filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K, and ATK’s Annual Report on Form 10-K for the fiscal year ended March 31, 2005.
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