Contract Expands Company's Role on A350 Program
DULLES, Va.Jul. 22, 2015--
Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense
technologies, today announced that it has finalized an agreement with
Airbus to expand its current contract to include the manufacture of
composite stringers and frames on the 1000 variant of the A350 program,
adding to the work already being performed on the A350 program. This
agreement builds on Orbital ATK s valuable working relationship with
Airbus and its partners.
The Aerospace Structures Division of Orbital ATK s Flight Systems Group
is executing the A350 program at its state-of-the-art Aircraft
Commercial Center of Excellence facility in Clearfield, Utah.
Our work with Airbus is an important component of growth for Orbital
ATK in the commercial aerospace structures business, said Steve Earl,
Vice President and General Manager of Orbital ATK s Aerospace Structures
Division. We are excited about the possibilities the 1000 variant
presents, and our team is eager to continue our long-term partnership
with Airbus on the A350 program.
Orbital ATK is currently producing composite stringers and frames for
the A350-900 and has successfully delivered more than 44,000 parts since
the inception of the program.
The execution of these early program deliveries demonstrates Orbital
ATK s ability to meet customers high quality standards and schedule
requirements. The company is fully prepared to meet the planned
production rate increases over the next several years to support Airbus
A350 program delivery schedule, Mr. Earl added.
Orbital ATK expects that the contract expansion will require future
hiring of additional professional and manufacturing employees,
benefiting the local job market in Utah.
Orbital ATK s proprietary process has been instrumental in the
development and manufacture of high-rate production composite stringers
and frames. This highly engineered technology is essential to
manufacture the A350 composite stringers and frames, which enables
Orbital ATK to produce extremely high quality, dimensionally precise and
highly repeatable composite components.
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 20 states across the U.S. and in
several international locations. For more information, visit www.orbitalatk.com.
Source: Orbital ATK, Inc.
Orbital ATK, Inc.
Sr. Communications Manager
Barron Beneski, 703-406-5528
and Investor Relations