Company Adds to its Broad Portfolio of Targets for Missile Defense
Contract Valued at up to $400 Million Including Options
DULLES, Va.Aug. 8, 2016--
Orbital ATK (NYSE: OA), a global leader in aerospace and defense
technologies, has been awarded a major new contract by the U.S. Missile
Defense Agency (MDA) to supply medium-range target rockets to support
the testing of the country s missile defense systems. The company was
awarded a development and production contract under the Medium-Range
Ballistic Missile Type 3 Configuration 2 (MRBM T3c2) target program,
which carries a firm value of $182 million and a total value of up to
$400 million if all options are executed.
Orbital ATK is honored to have been selected by MDA for the
competitively awarded MRBM contract to supply a cutting-edge target
system that performs to the demanding requirements of our customer,
said Rich Straka, Vice President and General Manager of Orbital ATK s
Launch Vehicles Division. These advanced medium-range targets will help
MDA further validate the United States ability to defend deployed
forces and allies against missile attack.
The MRBM T3c2 contract includes an initial $182 million firm order for
vehicle development and production over a four-year period, as well as
options for follow-on vehicle production and other activities through
2024 that could increase the total value of the contract to $400
million. Orbital ATK primarily designs and produces its target vehicles
and missile defense interceptors at the company s engineering and
manufacturing facility in Chandler, Arizona. Orbital ATK has designed
and developed more than 200 targets over 30 years.
This program capitalizes on our core competency of providing innovative
rocket designs that use proven technology to fit our customer s needs,
said Mark Ogren, Vice President of Business Development for Orbital
ATK s Launch Vehicles Division. We are proud to expand our targets
rocket work with MDA on the MRBM T3c2 program.
In its portfolio of targets, Orbital ATK also produces the Air-Launched
Intermediate- Range Ballistic Missile (IRBM) target, the
Inter-Continental Ballistic Missile (ICBM) target and the Patriot Target
Vehicle (PTV) in support of MDA programs.
In addition to its target vehicle programs, the company also provides
the Orbital ATK Boost Vehicle (OABV) interceptor for MDA as part of the
agency s Ground-based Midcourse Defense (GMD) industry team led by The
Boeing Company (NYSE: BA).
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 approximately 12,000 people in 18 states across the U.S. and in
several international locations. For more information, visit www.orbitalatk.com.
Source: Orbital ATK
Trina Helquist, 480-620-0248
Vehicles Division Public Relations
Barron Beneski, 703-406-5528
and Investor Relations