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  • Saturday, April 20, 2024

ATK Pens $49 Million Spec Ops Ammo Deal

ATK (NYSE: ATK) secured a $49 million Navy deal for a new ammunition round to be used by special operations that would be more accurate and produce a lower muzzle flash.

According to the firm, “ATK Security and Sporting developed the round in partnership with the Naval Surface Warfare Center – Crane Division under the Special Operations Science and Technology ammunition program.”

“ATK is the clear leader in developing new ammunition technologies for cookmmercial use, ” said Ron Johnson, president of ATK’s Security and Sporting group.  “We are now applying our research and development capability to satisfy the needs of our special operation forces.”

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