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Orbital ATK Lands Potential $119M Army Tank Round Development, Production Contract

Orbital ATK (NYSE: OA) has secured a potential $119 million contract to help the U.S. Army develop 120-millimeter ammunition for the Abrams Main Battle Tank. The company said Wednesday it will support the development and qualification of the service branch’s Advanced Multi-Purpose round over a 30-month period under the contract’s base term valued at $45 million. …

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Orbital ATK Receives $50M Order for Non-US Standard Ammunition

TYSONS CORNER, VA, Jan. 25, 2017 — Orbital ATK (NYSE: OA) has received a $50 million order from the U.S. government to supply non-U.S. standard ammunition to the Defense Department and international allies, ExecutiveBiz reported Tuesday. The company said Monday the award adds to at least $200 million in non-U.S. standard ammunition orders in …

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Army Taps Sig Sauer for $580M Modular Handgun Contract

Sig Sauer has won a potential 10-year, $580.2 million contract to supply the U.S. Army with a new handgun system designed to replace the service branch’s M9 pistol. The Army Contracting Command received nine proposals for the Modular Handgun System contract and expects work to conclude on Jan. 19, 2027, the …

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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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