Orbital ATK Awarded $118M Navy Missile Conversion Services Contract

Orbital ATK (NYSE: OA) will provide Advanced Anti-Radiation Guided Missile conversion services to the U.S. Navy,  Australia and Italy under a $118.7 million contract.

The Defense Department said Sept. 3 the full-rate production Lot 4 procurement contract also covers work to convert AGM-88B High-Speed Anti-Radiation Missiles to 142 AGM-88E All-Up-Rounds and 12 Captive Air Training Missiles.

Orbital ATK will perform work at locations in California and Italy through December 2018.

According to DoD, the contract combines the Navy’s $95.5 million purchase, Australia’s $11.9 million purchase and Italy’s $11.3 million purchase.

The obligated full amount is from the Navy’s weapons procurement funds and cooperative partner and foreign military sales funds for fiscal years 2013 to 2015, the department said.