ATK Secures $50 Million Ammo Deal with Army

ATK (NYSE: ATK) picked up a $49.9 million contract option from the U.S. Army Contracting Command, Rock Island Contracting Center, Rock Island, Ill., to fund Light Weight  30mm M789 High Explosive Dual Purpose ammunition.

According to the firm, “the M789 round is fired by ATK’s M230 Chain Gun, in use on the U.S. Army’s AH-64 Apache Attack Helicopters. Delivery of the optioned rounds is set to begin in September 2012.”

“The dual-purpose M789 round provides the firepower necessary to penetrate armor while maintaining its high-explosive capability for use against soft targets, ” said Dan Olson, VP and general manager, ATK Integrated Weapon Systems. “This versatility has made it a highly-effective combat round, and it is currently supporting operations in Iraq and Afghanistan.”

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