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 under the fixed-price, economic-price-adjustment contract in Independence, Mo., its center for small caliber ammunition production.

The U.S. Army Contracting Command’s office in Rock Island, Ill. is the contracting activity.

As of April 1, the company is operating its business through three business groups for aerospace, defense and sporting goods.

Mike Kahn leads the defense group, which focuses on ammunition, precision and strike weapons, missiles and tactical rocket motors.

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