ATK (NYSE: ATK) has received orders totaling more than $488 million for small caliber ammunition pursuant to an ID/IQ contract with the U.S. Army Contracting Command, Rock Island.
According to the firm, “this order includes a mix of 5.56mm, 7.62mm and .50 caliber military ammunition.”
“This latest set of orders includes an increase in the demand for the new M855A1 Enhanced Performance Round, which is getting very positive reviews by the warfighter, ” explained ATK Small Caliber Systems Vice President and General Manager Mark Hissong. “We’ve produced more than 100 million rounds of the M855A1 EPR since transitioning it into full-rate production last year. We will increase EPR production rates this year as we complete the modernization of high-speed, high-volume 5.56mm production equipment used to manufacture this new high performance round.”