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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... 

BAE Radford Ammo Plant to Get $240M Upgrade

A Radford, Va.-based ammunition production plant run byBudget Year BAE Systems is set to get a $240 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... 

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 byBudget Year Sept. 30, 2022 and the location will be determined with each order. Two... 

SSA Seeking 174K Bullets, Contract Set-Aside for Disabled Vet-Owned Firms

The Social Security Administration wants to buy 174,000 bullets, Business Insider reports. Robert Johnson reports a reader directed the website to a FedBizOpps notice, describing the agency’s request for the .357 hollow point bullets. The SAA is reserving competition for the contract to service-disabled veteran-owned small businesses, the said in... 

General Dynamics Wins $97M For Army Training, Tank Ammo

General Dynamics’ (NYSE: GD) ordnance and tactical systems unit has won three contracts worth $97 million total to produce tank and artillery training ammunition for the Army, the company announced Monday. The company said Monday that the Army will receive 120-milimeter M865 and M1002 tank training ammunition, 105-milimeter M1130 high-explosive pre-formed... 

ATK Wins $2B Army Small Caliber Ammo Contract

ATK (NYSE: ATK) has won a $2,541,000,000 U.S. Army contract to provide the branch with small caliber ammunition, the Defense Department announced Monday. The Arlington, Va.-based aerospace and defense firm will produce 5.56 millimeter ammunition on the contract, with the Pentagon expecting work to run through Sept. 14, 2013. The company will produce goods... 

ATK Wins $30M to Supply Afghan Security Forces with Non-Standard Ammunition

ATK (NYSE: ATK) has won a $30 million order to supply non-standard ammunition to Afghan security forces. The company will provide the ammunition through the U.S. Army‘s product director for non-standard ammunition at Picatinny Arsenal, N.J. “ATK is focused on international expansion and continuing our outstanding performance on supply chain... 
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