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Tag Archives: ammunition

Orbital ATK Backs Govt Satellite Orders to Help Offset Weak Commercial Market Demand

Orbital ATK (NYSE: OA) said Tuesday the aerospace and defense contractor sees satellite orders from military and other government agencies as a counterbalance to continued soft demand from commercial customers. CEO David Thompson told investors the Dulles, Virginia-based company forecasts orders from the defense community, NASA and other science agencies to represent 75-80 …

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August 10 Market Close: GovCon Index Falls on Orbital ATK Plunge After Accounting Disclosure

Executive Mosaic’s GovCon Index recorded its worst session in four weeks Wednesday despite gainers as the clear majority after Orbital ATK (NYSE: OA) announced it would restate all financial results dated back to April 2014. Shares in Orbital ATK plummeted 20.25 percent — or $17.987 — at the stock’s biggest one-day loss in nearly a year after the space systems …

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Orbital ATK to Restate Financials & Delay 2Q Filing on Accounting Review

Orbital ATK (NYSE: OA) said Wednesday it plans to restate almost two years of financial results on accounting issues and will delay the filing of its quarterly report for the most recent quarter as the company carries out an accounting review in its defense segment. The Dulles, Virginia-based space systems and ammunition maker said …

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Orbital ATK to Provide Weapons Systems to DoD Under New Task Order

TYSONS CORNER, VA, April 19, 2016 — Orbital ATK (NYSE: OA) will provide mortar weapon systems and non-U.S. standard ammunition to the Defense Department under a $20 million task order, ExecutiveBiz reported Monday. The company said Monday the contract is a follow-on award to a three-year indefinite-delivery/indefinite-quantity contract that concluded in …

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Army Taps Orbital ATK, Chemring for $750M Ammo, Weapon System Supply Contract

Orbital ATK (NYSE: OA) and Chemring Military Products have won positions on a potential five-year, $750 million contract to provide non-standard mortar weapons systems and ammunition for the U.S. Army. The Army Contracting Command received four proposals for the firm-fixed-price contract and will obligate funds and assign work location upon …

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Orbital ATK to Provide $426M in Ammunition Components to Navy

Orbital ATK (NYSE: OA) will provide FMU-139D/B fuzes and fuze accessory kits and support for qualification and testing activities to the U.S. Navy under a $425.7 million contract. The Defense Department said Thursday the company will perform work in West Virginia and Minnesota through May 2024. The obligated amount of $24.3 million is from Navy …

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State Dept. OKs $3.5B in Aircraft, Weapon Sale Requests from 5 US Allies

The State Department has cleared foreign military sales agreements worth approximately $3.5 billion combined with five of U.S.’ Middle East and Asian partner nations, Defense One reported Tuesday. Marcus Weisgerber writes the agency approved Japan’s request to procure $3 billion in Bell Boeing (NYSE: BA)-built V-22 Osprey tiltrotor aircraft from …

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Michelle Lohmeier: Raytheon, Mesko Step Forward with Renewed Tech Partnership Agreement

TYSONS CORNER, VA March 27, 2015 — Executive Mosaic — ExecutiveBiz reported Thursday on a partnership agreement between Raytheon (NYSE: RTN) and Polish ammunition manufacturer Mesko that allows them to continue their joint work on new areas of defense technologies. The two companies signed a letter of intent to seal the agreement, renewing …

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

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 …

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Jay Tibbets: ATK to Supply Army With Sniper Rifle Ammo

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 …

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