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ATK Press Releases
By: Charles Rector | Game Data | 1:18am, May 7, 2010

ATK Announces $250 Million in Contract Awards for F-35 Lightning II Composite Wing Skins, Nacelles, and Inlet Ducts

ATK Adds Composite Inlet Ducts to its Growing Content Portfolio on the F-35

With Options, New Inlet Duct Work Could Increase ATK's Scope by More than $50 Million Through Low Rate Initial Production

Work to be Performed at ATK Facilities in Utah and West Virginia

MINNEAPOLIS, April 26 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) announced today that it has received a contract in excess of $240 million from Lockheed Martin (NYSE: LMT) to produce additional composite components for low rate initial production (LRIP) lots 4 - 8 of the F-35 Lightning II – or Joint Strike Fighter.   Under the terms of the contract with Lockheed Martin, ATK will use advanced fiber-placement technology to provide upper wing-box skins, lower wing-box skins, and engine nacelle skins for the conventional take-off and landing (CTOL), and short take-off/vertical landing (STOVL) variants of the F-35.  Production will take place at ATK's Clearfield, Utah facility beginning in 2010, and continuing through 2015.

Separately, the company announced that it has successfully expanded its content on the F-35.  ATK has received a new $10 million contract from Northrop Grumman (NYSE: NOC) to manufacture composite inlet ducts for the F-35.  Northrop Grumman is the design authority and primary producer of the inlet ducts and has contracted ATK as a second source supplier for inlet duct production.  ATK will begin manufacturing inlet ducts during the low rate initial production (LRIP) phase 4 of the program with deliveries occurring through mid-2011.  The follow-on, full-scale production phase of the contract is potentially worth an additional $40 million.  Production of the inlet ducts will take place at ATK's facility in Rocket Center, West Virginia.

The F-35 Lightning II is a 5th generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information, network-enabled operations, advanced sustainment, and lower operational and support costs.

"The F-35 is a cornerstone of ATK's growth strategy for our aerospace structures business.  Combined with existing work on commercial aircraft such as the Airbus A350, and the potential of new composite contracts for both military and commercial aircraft, our Aerospace Structures business is well positioned to become one of ATK's growth engines," said Mark DeYoung, President and CEO.

ATK pioneered the automated fiber placement process in the early 1980s and is an industry leader in the production of fiber-placed aerospace structures.  ATK has 11 fiber-placement machines and proprietary production processes that shorten the manufacturing cycle, and produce extremely high quality, complex composite components with unmatched repeatability.

ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.8 billion.  News and information can be found on the Internet at www.atk.com.

Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: assumptions related to the production of advanced composite materials and production options on the JSF program; changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; automated manufacturing techniques and processes for advanced composite structures; the terms and timing of awards and contracts; and economic conditions.  ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.

Media Contact:

Investor Contact:

 
   

Bryce Hallowell

Jeff Huebschen

 

Phone:  952-351-3087

Phone:  952-351-2929

 

E-mail:  bryce.hallowell@atk.com

E-mail:  jeff.huebschen@atk.com



ATK Awarded $32 Million in Follow-on Contracts to Produce HELLFIRE II Rocket Motors and Warheads

ATK to Produce Approximately 7,100 Rocket Motors and 2,200 Warheads

ATK Has Delivered More Than 80,000 HELLFIRE Rocket Motors Since 1987

MINNEAPOLIS, April 29 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has received follow-on production contracts valued at $32 million to produce rocket motors and warheads for the precision-strike laser-guided HELLFIRE® II missile.  ATK will manufacture approximately 7,100 rocket motors and 2,200 metal augmented charge (MAC) warheads at its manufacturing facility in Rocket Center, West Virginia.  The contracts were awarded by Lockheed Martin (NYSE: LMT), the prime contractor for the HELLFIRE II missile.

ATK was awarded the HELLFIRE II baseline contract in November 2008 to produce and deliver rocket motors and warheads.  The most recent follow-on contracts represent the first option to the baseline, with deliveries scheduled to begin in April, 2011, and completed by July, 2012.  A second option could be awarded in late 2010.

"This order builds on ATK's HELLFIRE heritage of reliability and effectiveness.  Our goal is to provide our Warfighters with the highest quality rocket motors and warheads possible to ensure mission success," said Bart Olson, interim President of ATK Missile Products Group.

"The HELLFIRE II missile's in-theater reliability exceeds 95 percent, and the reliable performance of the ATK motor is a major contributor to achieving that level of mission success," said Ken Musculus, Air-to-Ground Missile Systems director at Lockheed Martin Missiles and Fire Control.  "At a recent users' conference, Warfighters from all four U.S. services told us how the HELLFIRE missile has enhanced their ability to minimize collateral damage during Operation Iraqi Freedom and Operation Enduring Freedom."

Dating back to HELLFIRE I in the 1980s, ATK has produced nearly 80,000 HELLFIRE rocket motors and over 6,400 MAC warheads.  In addition, ATK manufactures the copper liner for the main shaped-charge warhead for the high-explosive anti-tank (HEAT) Hellfire, the AGM-114K.

The HELLFIRE II can be launched from several rotary-wing aircraft, special mission fixed-wing aircraft, unmanned aerial vehicles, ground-based tripods and boats.  HELLFIRE is effective against a wide variety of targets, including tanks, ships, bunkers, caves and buildings.  Its precision-strike semi-active laser guidance system minimizes collateral damage on the battlefield.

ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion.  News and information can be found on the Internet at www.atk.com.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2009 sales of $45.2 billion. News and information can be found at www.lockheedmartin.com.

Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.  Among those factors are: assumptions regarding production options for warheads and rocket motors; changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions.  ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.

Media Contact (ATK):

Investor Contact:

 

Gary Geiger

Jeff Huebschen

 

Phone:  304-726-5046

Phone:  952-351-2929

 

E-mail:  gary.geiger@atk.com

E-mail:  jeff.huebschen@atk.com

 
   

Media Contact (LMC):  

  

Heather Kelly

  

Phone: 407-356-5351

  

E-mail: heather.kelly@lmco.com

  
  


SOURCE ATK

 

 


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