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ATK to Develop US Army Air Platform, Training Ammo; Dan Olson Comments

ATKATK (NYSE: ATK) has been awarded a set of contracts worth more than $112 million combined to develop medium- and large-caliber ammunition systems for arm air platforms and crew training programs.

The U.S. Army will use the ammunition to arm its A-10, Apache attack helicopter and the AC-130 gunship fleets and to train crews on how to operate the Apache and Abrams battle tank, ATK said Wednesday.

“Developing and producing ammunition that provides superior performance and reliability is the cornerstone of our business, ” said Dan Olson, vice president and general manager of ATK’s armament systems division.

The company will produce cartridges of the 120-millimeter M1002 multi-purpose anti-tank, target practice for the Abrams main battle tank under the third-year component of a four-year contract for that work.

ATK will also develop 30-millimeter PGU-13 high explosive incendiaries, LW30mm M788 target practice, M789 tactical ammunitions and 40-millimeter L/60 incendiaries.

Manufacturing work will take place at ATK facilities in West Virginia, Missouri and Radford, Virginia.

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