ATK Awarded Production Contract for the U.S. Navy's Multi-Option Fuze
ATK's Multi-Option Fuze Provides Increased Mission Capability for U.S. Navy's
5-inch Gun Ammunition
Five-Year Production Contract to be Performed at Allegany Ballistics
Laboratory in Rocket Center, W. Va.
ARLINGTON, Va., Dec. 6, 2012
ARLINGTON, Va., Dec. 6, 2012 /PRNewswire/ --ATK (NYSE: ATK) announced that it
received a five-year, Indefinite Delivery, Indefinite Quantity (IDIQ) contract
from the U.S. Army Contracting Command for the production of the MK 437
Multi-Option Fuze, Navy (MOFN). The contract has a maximum total value of
$84.1 million. ATK has received the first order on this contract, for
approximately $13 million. Deliveries are scheduled to begin in November
The MOFN increases the overall mission capability of 5-inch gun ammunition
used on U.S. Navy ships by providing proximity, precision time, delay and
point detonating impact functions in a single fuze. The inductive fuze
setting feature also optimizes MOFN for use with automated ammunition handling
equipment. MOFN will be used on projectiles fired in the MK 45 Single
Lightweight Gun Mount on U.S. Navy cruisers and destroyers.
"ATK is pleased to add MOFN to our portfolio of fuze production programs.
MOFN leverages ATK's design, development and production experience, providing
the U.S. Navy with an affordable, reliable fuze for its 5/54 caliber
ammunition," said Dave Fine, ATK's Director of Fuzing and Warhead programs.
"ATK has a strong program and manufacturing team dedicated to producing MOFN
for the U.S. Navy," said Cary Ralston, vice president and general manager of
ATK Missile Products Division. "This award reflects the tremendous dedication
and commitment of our highly-skilled workforce and our industry partners."
Production of this fuze will occur at the Allegany Ballistics Laboratory (ABL)
facility in Rocket Center, W. Va. ABL is a U.S. Navy-owned, ATK-operated
facility specializing in advanced manufacturing technologies for a variety of
programs supporting current and future U.S. industrial base needs in advanced
fuzing and integration, conventional munitions assemblies, solid rocket motor
propulsion, and advanced material structures.
ATK is an aerospace, defense, and commercial products company with operations
in 21 states, Puerto Rico, and internationally. 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: 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.
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