Orbital ATK Awarded up to $260 Million for the Fourth and Fifth Full-Rate Lots of Advanced Anti-Radiation Guided Missile
September 08 2015 - 8:30AM
Business Wire
AARGM Continues to Protect U.S. Navy and
Allies from Surface-to-Air Threats
Orbital ATK (NYSE: OA), a global leader in aerospace and defense
technologies, announced today that it has been awarded a $119
million contract by the U.S. Navy for the fourth full-rate
production lot of the Advanced Anti-Radiation Guided Missile
(AARGM) and a fifth lot for up to $141 million. The contract covers
All-Up Round missiles and captive air training missiles for the
U.S. Navy and Italian Air Force as well as the second Foreign
Military Sales order for the Royal Australian Air Force. The
contract award reinforces the customers need for AARGM’s critical
mission capabilities.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150908005548/en/
Orbital ATK's AARGM Being Launched from
U.S. Navy F/A-18D Hornet (Photo: Business Wire)
“With the rapid proliferation of threats emerging around the
world, AARGM provides significant advanced capabilities to those
protecting our nation each and every day,” said Bill Kasting, Vice
President and General Manager of Orbital ATK’s Defense Electronic
Systems division of the Defense Systems Group. “AARGM continues to
provide the U.S. Navy and our allies with the most advanced system
against surface-to-air threats.”
AARGM is a supersonic, air-launched tactical missile system,
upgrading legacy AGM-88 HARM systems with advanced capability to
perform destruction of enemy air defense missions. AARGM provides
the most advanced system for pilots, with in-cockpit, real-time
electronic order of battle situational awareness against today’s
modern surface-to-air threats. It is able to rapidly engage
traditional and non-traditional advanced land- and sea-based
air-defense threats, as well as striking, time-sensitive
targets.
AARGM is a U.S. Navy and Italian Air Force international
cooperative major acquisition program with the U.S. Navy as the
executive agent. AARGM is currently deployed and supporting
operational requirements for the U.S. Navy and U.S. Marine Corps.
The missile is integrated into the weapons systems on the FA-18C/D
Hornet, FA-18E/F Super Hornet and EA-18G Growler aircraft. AARGM is
anticipated to achieve Initial Operational Capability on the
Italian Air Force’s Tornado ECR aircraft in 2017.
With additional integration efforts, AARGM could be employed on
the F-35.
Orbital ATK’s Defense Systems Group is an industry leader in
providing innovative and affordable precision and strike weapons,
advanced propulsion and hypersonics, missile components across
air-, sea- and land-based systems, ammunition and related energetic
products.
About Orbital ATK
Orbital ATK is a global leader in aerospace and defense
technologies. The company designs, builds and delivers space,
defense and aviation systems for customers around the world, both
as a prime contractor and merchant supplier. Its main products
include launch vehicles and related propulsion systems; missile
products, subsystems and defense electronics; precision weapons,
armament systems and ammunition; satellites and associated space
components and services; and advanced aerospace structures.
Headquartered in Dulles, Virginia, Orbital ATK employs more than
12,000 people in 18 states across the U.S. and in several
international locations. For more information, visit
www.orbitalatk.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150908005548/en/
Orbital ATKMedia Contact:Bryan Kidder,
410-864-4932Defense Systems Group
Communicationsbryan.kidder@orbitalatk.comorInvestor
Contact:Barron Beneski, 703-406-5528Public and Investor
Relationsbarron.beneski@orbitalatk.com
Orbital Atk, Inc. (delisted) (NYSE:OA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Orbital Atk, Inc. (delisted) (NYSE:OA)
Historical Stock Chart
From Jul 2023 to Jul 2024