ATK to Develop US Army Air Platform, Training Ammo; Dan Olson Comments

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ATK (NYSE: ATK) has been awarded a set of contracts worth more than $112 million combined to develop medium- and large-caliber ammunition systems for arm air platforms and crew training programs. The U.S. Army will use the ammunition to arm its A-10, Apache attack helicopter and the AC-130 gunship fleets and to train crews on how to operate the Apache and Abrams battle tank, ATK said Wednesday. “Developing...

Jay Tibbets: ATK to Supply Army With Sniper Rifle Ammo

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ATK (NYSE: ATK) has won a five-year indefinite-delivery/indefinite-quantity contract worth up to $20 million to provide the U.S. Army with .300 Winchester Magnum ammunition for the M2010 sniper rifle. The company said Monday it will produce Mk248 Mod 0, 190-grain and Mk248 Mod 1, 220-grain rifle ammunition as part of the delivery order from the U.S. Army Contracting Command – Rock Island. “We...

ATK Takes in $186M in International Contracts to Provide US Allies with Ammunition; Mike Kahn Comments

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Mike Kahn ATK (NYSE: ATK) will produce ammunition and provide related services to U.S. allies under a series of international defense contracts worth $186 million combined. The company said Wednesday that it will manufacture the ammunition at its U.S. facilities and perform the services on-site at customer facilities. “Partnering with our allies to help maintain their defense capabilities aligns...

ATK to Build Army Small-Caliber Rifle Ammo for $387M; Kent Holiday Comments

ATK
ATK (NYSE: ATK) has been awarded $387 million in orders by the U.S. Army to produce three types of small-caliber rifle ammunition. These orders are part of contracts that cover the next seven years and could extend for up to 10 years, the company said Monday. The company will produce the 5.56-millimeter, 7.62-millimeter and .50-caliber ammunition at the Lake City Army Ammunition Plant in Independence,...

ATK Closes $985M Purchase of Ammo Maker Bushnell; Mark DeYoung Comments

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Mark DeYoung ATK (NYSE: ATK) has wrapped up its acquisition of weapon accessory manufacturer Bushnell Group Holdings for $985 million cash. Bushnell will operate under ATK’s sporting arm that is led by Jay Tibbets, senior vice president and group president, ATK said Monday. ATK estimates the sporting group will represent 45 percent of its total revenue and commercial and international sales...

BAE Wins $688M to Build Army Howitzers; Mark Signorelli Comments

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BAE Systems has won a potential $688 million contract to start production work on self-propelled howitzers for the U.S. Army. Low rate initial production for the base period is valued at $195 million and covers 19 Palidin howitzers with 18 carrier ammunition tracked vehicles, BAE said Thursday. The Army holds options to purchase 66.5 total vehicle sets, spares, kits and manuals. “The PIM team,...

ATK to Buy Bushnell for $985M Cash; Mark DeYoung Comments

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Mark DeYoung ATK (NYSE: ATK) has agreed to buy outdoor sporting goods maker Bushnell Group Holdings for $985 million cash in a move aimed at expanding ATK’s commercial and security ammunition portfolio. ATK expects to close the deal within the last two quarters of its 2014 fiscal year and expects the acquisition to increase its earnings per share in the following two fiscal years, ATK said Thursday. Bushnell...

ATK to Buy Gun Manufacturer for $315M Cash; Mark DeYoung Comments

Mark DeYoung ATK (NYSE: ATK) has agreed to purchase the parent company of hunting rifle and shotgun manufacturer Savage Sports Corp. for $315 million cash as ATK seeks to grow its commercial and security ammunition business. The acquisition of the Caliber Company is subject to regulatory approvals and other customary closing conditions and ATK expects the transaction to close by the first quarter of...

BAE Radford Ammo Plant to Get $240M Upgrade

A Radford, Va.-based ammunition production plant run by BAE Systems is set to get a 0 million upgrade, the Roanoke Times reports. The British contractor’s U.S. subsidiary took charge of the Radford Army Ammunition Plant from ATK (NYSE: ATK) July 1 and could break ground on a new facility for producing nitrocellulose in 2013, the newspaper reports. BAE holds a potential 10-year, $850 million...

ATK Awarded $8.5B Contract for Rifle Ammunition, Plant Operation

ATK (NYSE:ATK) has won a fixed-price contract with economic-price-adjustment worth up to $8,480,000,000 to provide small caliber rifle ammunition. ATK is also expected to operate, maintain and modernize the Lake City Army Ammunition Plant. Work is estimated to be completed by Sept. 30, 2022 and the location will be determined with each order. Two bids were received for one bid solicited online. The...