Orbital ATK Awarded Major Contract for Medium-Range Ballistic Missile Target Rockets
August 08 2016 - 11:29AM
Business Wire
Company Adds to its Broad Portfolio of
Targets for Missile Defense Agency
Contract Valued at up to $400 Million
Including Options
Orbital ATK (NYSE: OA), a global leader in aerospace and defense
technologies, has been awarded a major new contract by the U.S.
Missile Defense Agency (MDA) to supply medium-range target rockets
to support the testing of the country’s missile defense systems.
The company was awarded a development and production contract under
the Medium-Range Ballistic Missile Type 3 Configuration 2 (MRBM
T3c2) target program, which carries a firm value of $182 million
and a total value of up to $400 million if all options are
executed.
“Orbital ATK is honored to have been selected by MDA for the
competitively awarded MRBM contract to supply a cutting-edge target
system that performs to the demanding requirements of our
customer,” said Rich Straka, Vice President and General Manager of
Orbital ATK’s Launch Vehicles Division. “These advanced
medium-range targets will help MDA further validate the United
States’ ability to defend deployed forces and allies against
missile attack.”
The MRBM T3c2 contract includes an initial $182 million firm
order for vehicle development and production over a four-year
period, as well as options for follow-on vehicle production and
other activities through 2024 that could increase the total value
of the contract to $400 million. Orbital ATK primarily designs and
produces its target vehicles and missile defense interceptors at
the company’s engineering and manufacturing facility in Chandler,
Arizona. Orbital ATK has designed and developed more than 200
targets over 30 years.
“This program capitalizes on our core competency of providing
innovative rocket designs that use proven technology to fit our
customer’s needs,” said Mark Ogren, Vice President of Business
Development for Orbital ATK’s Launch Vehicles Division. “We are
proud to expand our targets rocket work with MDA on the MRBM T3c2
program.”
In its portfolio of targets, Orbital ATK also produces the
Air-Launched Intermediate- Range Ballistic Missile (IRBM) target,
the Inter-Continental Ballistic Missile (ICBM) target and the
Patriot Target Vehicle (PTV) in support of MDA programs.
In addition to its target vehicle programs, the company also
provides the Orbital ATK Boost Vehicle (OABV) interceptor for MDA
as part of the agency’s Ground-based Midcourse Defense (GMD)
industry team led by The Boeing Company (NYSE: BA).
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
approximately 12,000 people in 18 states across the U.S. and in
several international locations. For more information, visit
www.orbitalatk.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160808005831/en/
Media Contact:Orbital ATKTrina Helquist,
480-620-0248Launch Vehicles Division Public
Relationstrina.helquist@orbitalatk.comorInvestor
Contact:Orbital ATKBarron Beneski, 703-406-5528Public and
Investor Relationsbarron.beneski@orbitalatk.com
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