Orbital ATK Receives $53 Million Large Caliber Training Ammunition Orders from U.S. Army
May 15 2017 - 8:30AM
Business Wire
Demonstrated Reliability and Affordability
Continue to Drive Demand
Orbital ATK (NYSE: OA), a global leader in aerospace and defense
technologies, announced today that the company has received
contracts valued at $53 million to produce large caliber training
ammunition for the U.S. Army. The orders include both 120mm and
105mm ammunition types. The 120mm training ammunition, used by the
Abrams main battle tank, includes the M865 kinetic energy and the
M1002 multi-purpose tank training rounds. The 105mm M724A2 is used
for crew training on the Stryker Mobile Gun System vehicles. These
training rounds closely replicate tactical ammunition in appearance
and ballistic performance to provide the warfighter with an
affordable, yet realistic training experience.
“High-quality training ammunition is essential to the
warfighter, who must be prepared to react decisively on today's
battlefield,” said Dan Olson, Vice President and General Manager
for the Armament Systems Division of Orbital ATK’s Defense Systems
Group. “By leveraging our expertise in tactical ammunition, we have
produced training rounds that are visually and ballistically
similar to their counterpart tactical rounds while meeting the
reliability and safety performance requirements for use on U.S. and
European ranges.”
The contracts include production of new M1002 and M724A2 rounds
to fill inventories and the recapitalization of existing M865 and
M1002 rounds to extend their service life.
Orbital ATK has delivered nearly 5 million rounds of large
caliber tactical and training tank ammunition to the U.S. Army,
U.S. Marine Corps and allied militaries over the years. Through its
proven, system-level contracting approach that reduces the risk to
the customer, Orbital ATK has delivered a constant supply of
ammunition that is consistently reliable and affordable.
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
approximately 12,500 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/20170515005179/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