Company to Provide Small-Caliber Ammunition for Domestic Commercial
Market Valued in Excess of $400 Million from 2018 through 2020
DULLES, Va.Jul. 12, 2017--
Orbital ATK (NYSE: OA), a global leader in aerospace and defense
technologies, announced today that it has signed multiple, long-term
agreements with premier commercial ammunition suppliers, valued in
excess of $400 million over a three-year period. The agreements span
from 2018 to 2020 and provide flexibility to optimize factory operations
and best support customer needs and market demands.
The supplier agreements focus primarily on 5.56mm and .223 caliber
ammunition manufactured at the Lake City Army Ammunition Plant in
Independence, Missouri. Since 2000, Orbital ATK has produced more than
17 billion rounds of small-caliber ammunition at Lake City to support
U.S. and allied warfighters around the globe as well as commercial
Our primary mission is, and always has been, to manufacture and provide
the highest quality ammunition to the United States Armed Forces and our
allies, said Jim Nichols, Vice President and General Manager of Orbital
ATK's Small Caliber Systems Division of the Defense Systems Group.
Supplementing military production, commercial supply agreements like
these are beneficial to both Orbital ATK and our Army customer as they
provide an expanded business base for our Lake City operations,
workforce, and key suppliers, and help ensure that we stand ready to
quickly increase production of small-caliber ammunition for the U.S.
Army when needed.
Orbital ATK s Defense Systems Group, of which the Small Caliber Systems
Division is a part, is an industry leader in providing innovative and
affordable precision and strike weapons, advanced propulsion and
hypersonics, missile components 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 approximately 13,000 people in 18 states across the United
States and in several international locations. For more information,
Source: Orbital ATK
Whitney Watson, 816-796-5562
Barron Beneski, 703-406-5528
Public and Investor