Orbital ATK Enters into Long-Term Supply Agreements with Premier Commercial Ammunition Suppliers
July 12 2017 - 11:30AM
Business Wire
Company to Provide Small-Caliber Ammunition
for Domestic Commercial Market Valued in Excess of $400 Million
from 2018 through 2020
Orbital ATK (NYSE: OA), a global leader in aerospace and defense
technologies, announced today that it has signed multiple,
long-term agreements with premier commercial ammunition suppliers,
valued in excess of $400 million over a three-year period. The
agreements span from 2018 to 2020 and provide flexibility to
optimize factory operations and best support customer needs and
market demands.
The supplier agreements focus primarily on 5.56mm and .223
caliber ammunition manufactured at the Lake City Army Ammunition
Plant in Independence, Missouri. Since 2000, Orbital ATK has
produced more than 17 billion rounds of small-caliber ammunition at
Lake City to support U.S. and allied warfighters around the globe
as well as commercial customers.
“Our primary mission is, and always has been, to manufacture and
provide the highest quality ammunition to the United States Armed
Forces and our allies,” said Jim Nichols, Vice President and
General Manager of Orbital ATK's Small Caliber Systems Division of
the Defense Systems Group. “Supplementing military production,
commercial supply agreements like these are beneficial to both
Orbital ATK and our Army customer as they provide an expanded
business base for our Lake City operations, workforce, and key
suppliers, and help ensure that we stand ready to quickly increase
production of small-caliber ammunition for the U.S. Army when
needed.”
Orbital ATK’s Defense Systems Group, of which the Small Caliber
Systems Division is a part, 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 13,000 people in 18 states across the United States
and in several international locations. For more information, visit
www.orbitalatk.com.
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Managerwhitney.watson@orbitalatk.comorInvestor
Contact:Barron Beneski, 703-406-5528Public and Investor
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