Reinhold Industries Receives Contract for Minuteman III Components
March 04 2004 - 11:48AM
PR Newswire (US)
Reinhold Industries Receives Contract for Minuteman III Components
SANTA FE SPRINGS, Calif., March 4 /PRNewswire-FirstCall/ --
Reinhold Industries, Inc. of Santa Fe Springs, California, today
announced that the Company has received contracts worth $11.3
million from ATK Thiokol Propulsion, Promontory, Utah, for
components related to the Air Force's Minuteman III Propulsion
Replacement Program ("PRP"). ATK Thiokol Propulsion is an operating
unit of Alliant Techsystems Inc. "This order representsthe 3rd
annual award to Reinhold of full rate production for this program,"
said Michael T. Furry, President and CEO of Reinhold. "The PRP
schedule continues to be on track as planned back in the late
1980's. We are excited that the Company has been given the
opportunity to participate with ATK Thiokol in this high visibility
program." The PRP replaces the stage 1, 2 and 3 solid rocket motors
in the Minuteman III force with new remanufactured motors to
maintain the alert readiness status of the force through 2020. The
PRP is being managed by Northrop Grumman; the prime integration
contractor for the ICBM force. Under contract to Northrop, ATK
Thiokol and Pratt & Whitney's ("P&W") Space and Missile
Propulsion formed a joint-venture team to produce the motors. ATK
Thiokol and P&W are remanufacturing the motors, and replacing
the propellant and obsolete or unsafe materials and components. The
contract award represents components for deliveries through January
2005. Based on expected full rateproduction on this program, the
potential value to the Company is estimated to be an additional $55
million through 2008. This news release contains forward-looking
statements as defined in the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements involve risks and
uncertainties, and Reinhold's actual experience may differ
materially from that anticipated in such statements. Factors that
might cause such a difference include those discussed in Reinhold's
filings with the Securities and Exchange Commission, including but
not limited to its most recent proxy statement, Form 10-K and Form
10-Q. Reinhold Industries, Inc. is a manufacturer of advanced
custom composite components, sheet molding compounds, and graphic
arts and industrial rollers for a variety of applications in the
United States and Europe. DATASOURCE: Reinhold Industries, Inc.
CONTACT: Judy Sanson of Reinhold Industries, Inc., +1-562-944-3281
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