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| ATK -$30 Million in Additional Contracts for AAR-47 Missile Warning Systems, Software Upgrades |
| 2006-10-31 |
| Alliant Techsystems (NYSE: ATK) has received a $21 million follow-on order for AAR-47 missile warning systems. The company has also received an additional $9 million in contracts for software upgrades and new sensor packages. If all production contract options are exercised, the total value of the recent awards could reach approximately $73 million. The AAR-47 Missile Warning System (MWS) is an electronic warfare system designed to protect helicopters and fixed-wing aircraft against surface-to-air missile threat. It also alerts aircrews to threats from laser-guided and laser-aided weapons. The AAR-47 plays a critical role in crew and aircraft survivability. Operational commanders attribute over 20 aircraft and 200 personnel saved due to the capabilities of the AAR-47. "ATK's AAR-47 missile warning system is a battle-proven design that detects missile or laser-guided threats and automatically triggers appropriate countermeasures," said Steve Myers, Vice President and General Manager, ATK Integrated Systems. "The AAR-47's combination of highly reliable sensor technology and light weight make it an ideal package to support air crews in the global war on terror." ATK is a $3.4 billion advanced weapon and space systems company employing approximately 15,000 people in 22 states. News and information can be found on the Internet at http://www.atk.com/ . Certain information discussed in this press release constitutes forward- looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending, assumptions related to the fulfillment of all contract options, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission. |
| Posted by:Oztralian |