ATK Secures .40 Caliber Ammunition Contract with Department of Justice,
Federal Bureau of Investigation
ATK Awarded a Five-Year, Indefinite Delivery/Indefinite Quantity Contract for
.40 Caliber Ammunition from DOJ, FBI
ATK's FBI .40 Caliber Ammunition Contract Award Keeps Speer Gold Dot® in
Leadership Position for Duty Ammunition
ARLINGTON, Va., Dec. 12, 2012
ARLINGTON, Va., Dec. 12, 2012 /PRNewswire/ --ATK (NYSE: ATK) announced that
it is being awarded a Fixed Price Indefinite Delivery/Indefinite Quantity
(IDIQ) agreement from the Department of Justice (DOJ) and Federal Bureau of
Investigation(FBI) for .40 caliber ammunition. This contract to provide duty
and training ammunition features a base of 12 months, includes four option
years and has a maximum value of $75 million over the life of the contract.
Speer's Gold Dot Duty ammunition is known for excellent weight retention,
reliable feeding and exceptional terminal performance. Speer also offers
standard training ammunition and a reduced hazard option (RHT). The Speer RHT
round features a frangible projectile that dissipates on contact and is ideal
for training indoors and in close quarters.
"We understand and appreciate our customers' needs for highly-specialized duty
and training ammunition," said Ron Johnson, President of ATK's Sporting Group.
"Superior performance, accuracy and reliability are the reasons why Gold Dot
remains the most trusted pistol ammunition for law enforcement agencies and
departments worldwide. It has been the industry leader for almost two decades
because of its toughness and ability to perform when it matters most. We are
extremely pleased that our products will be used by these leading agencies
directly responsible for protecting and keeping us safe."
ATK will produce the ammunition at the Speer facility in Lewiston, Idaho.
Deliveries are expected to begin this month.
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; economic conditions; the supply, availability
and costs of raw materials and components; or reliance on a key supplier. 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 Form10-K and its
subsequent quarterly report on Form10-Q and current reports on Form8-K filed
with the SEC.
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