October 2, 2009 (FinancialWire) — Alliant Techsystems (NYSE: ATK) said it has received a follow-on production contract valued at $9.7 million for M228 practice grenade fuzes. The contract was awarded by the U.S. Army, and follows an initial production contract awarded to ATK in 2005.

If all options are exercised, the total value of the contract would be worth around $50 million throughout the expected production run from the fall of 2010 thru 2015.

The M228 fuze attaches to the reusable M-69 training grenade body. When initiated during training exercises, the fuze measures a time delay before detonating a small black powder charge that creates an audio and visual cues that is used during training to simulate the detonation of a real grenade.

Minneapolis-based Alliant Techsystems is an aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.