Orbital ATK Awarded $105 Million in Contracts for Medium and Large Caliber Ammunition
By Business Wire News
By Business Wire News
Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, announced today that the company has received domestic and international contracts for medium- and large-caliber ammunition valued at $105 million. These new orders span a range of 20, 25 and 30mm tactical and target practice ammunition for multiple U.S. and allied services for use with air, sea and land weapons platforms, as well as 120mm tactical and training ammunition for the Abrams Main Battle Tank. The contracts were awarded to Orbital ATK through the U.S. Army Project Manager Maneuver Ammunition Systems in its role as the Single Manager for Conventional Ammunition.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151012005030/en/
Orbital ATK announced orders for medium and large caliber ammunition for $105 million. (Photo: Business Wire)
“We are committed to being the partner of choice for the production and development of ammunition for a wide variety of combat systems,” said Dan Olson, Vice President and General Manager of Orbital ATK’s Armament Systems Division of the Defense Systems Group. “Our contributions to the soldier are to provide a continuous supply of ammunition for training and tactical use, and to develop ammunition that provides a distinct combat advantage for those defending their nation’s security.”
Orders for large caliber ammunition include a contract for the full-rate production of its next generation 120mm Kinetic Energy anti-tank cartridge, M829A4 which recently received type classification and has passed its initial lot acceptance testing. Full rate production is expected to begin in early 2016. This new Kinetic Energy tank ammunition highlights the core competencies of Orbital ATK and provides the U.S. Army’s Abrams Main Battle Tank with combat overmatch against threat systems with Explosive Reactive Armor and other types of advanced complex base armor.
In addition, Orbital ATK received an order for the 120mm M1002 Multi-Purpose Anti-Tank target practice cartridge, which provides tank crews with realistic training ammunition to maintain Abrams tank combat crew efficiency.
Contracts awarded for the production of 20mm ammunition are for the PGU-27 target and PGU-28 tactical Semi-Armor Piercing High Explosive Incendiary commonly used with fighter aircraft. Additional 20mm orders included the MK244 Armor Piercing Discarding Sabot Enhanced Lethality cartridge which is used with the U.S. Navy’s Phalanx system and the M940 Multi-Purpose Tracer Self-Destruct cartridge for use with the U.S. Army’s Counter Rocket, Artillery and Mortar (C-RAM) system. These rounds will be produced at the Lake City Army Ammunition Plant in the new Orbital ATK-managed production facility, which recently surpassed one-million rounds of production for 20mm ammunition.
Orders for 25mm ammunition included the M792 High Explosive Incendiary with Tracer and Self Destruct cartridge which features a self-destruct fuze exclusively produced by Orbital ATK. M792 is fired by the M242 Bushmaster, KBA, M811 or GAU-12 cannons.
The company also received a contract for the production of the 30mm MK266 High Explosive Incendiary rounds, which use a low-drag fuze created and produced exclusively by Orbital ATK. They can be used with the company’s MK44 Bushmaster® cannon or any cannon firing 30mm x 173mm ammunition.
Orbital ATK’s Defense Systems Group is an industry leader in providing innovative and affordable precision and strike weapons, advanced propulsion and hypersonics, missilecomponents 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 more than 12,000 people in 18 states across the U.S. and in several international locations. For more information, visit www.orbitalatk.com.
Bryan Kidder, 410-864-4932
Defense Systems Group Communications
Barron Beneski, 703-406-5528
Public and Investor Relations