Orbital ATK Receives $123 Million in Orders for Artillery Precision Guidance Kit from the U.S. Army
September 19 2017 - 8:30AM
Business Wire
PGK Transforms Conventional Artillery into
Highly Responsive and Precise Projectiles
Orbital ATK (NYSE: OA), a global leader in aerospace and defense
technologies, announced today that the U.S. Army has placed an
additional $123 million in orders under production contract Option
2 for the Precision Guidance Kit (PGK) that will continue to
deliver PGK’s to the warfighter. Orbital ATK had previously signed
a $69 million production option in July 2016 under the same Option
2.
PGK enhances accuracy through Orbital ATK’s innovative design,
which combines guidance and fuze function for conventional 155mm
artillery projectiles into one affordable, GPS-guided device,
giving the warfighter the precision necessary to reduce the risk of
collateral damage when engaging high-value targets. By replacing a
standard fuze with Orbital ATK's PGK, artillery projectiles are
reliably delivered to within 50 meters of the intended target
whereas conventional artillery dispersion can be 200 meters. During
recent lot acceptance tests, randomly selected PGK fuzes met all
acceptance criteria for accuracy and reliability while also
performing required fuze functions with a perfect safety
record.
“PGK has consistently demonstrated its reliability, performance
and safety,” said Dan Olson, Vice President and General Manager for
Orbital ATK’s Armament Systems Division of the Defense Systems
Group. “The PGK has been rigorously tested, but the ultimate
performance test has been proven on the battlefield as our soldiers
have used it to deliver responsive, accurate strikes.”
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 13,000 people across the U.S. and in several
international locations. For more information, visit
www.orbitalatk.com.
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