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Tag Archives: ammunition

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

State Department

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

partnership

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

JayTibbetsATK

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

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 ...

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

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 ...

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

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 ...

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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 ...

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

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 ...

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