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Alliant Techsystems Wins $5.8 Million Navy Contract

December 9, 2009 (FinancialWire) — Alliant Techsystems (NYSE: ATK) has received a $5.8 million contract for ammunition from the Crane Division of the Naval Surface Warfare Center. The contract is for the production of Mk318 5.56mm and Mk319 7.62mm caliber cartridges. The ammunition will be manufactured in Anoka, Minnesota.

The 5.56mm and 7.62mm products chosen by Crane were optimized under a development contract to complement gun maker Fabrique Nationale Herstal’s newly released Special Operations Combat Assault Rifle weapon system. The SCAR emerged from U.S Special Operations Command Special Operations Forces Combat Assault Rifle program.

The contract ammunition is also compatible with existing 5.56mm and 7.62mm weapons systems and utilizes ATK’s unique barrier defeat projectile. This feature ensures proper functioning through barriers commonly encountered during warfare.

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

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