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March 12, 2012, 8:30 a.m. EDT
ATK Secures .40 Caliber Ammunition Contract with Department of Homeland Security, U.S. Immigration and Customs Enforcement (DHS, ICE)
--ATK Wins Five-Year, Indefinite Delivery/Indefinite Quantity Contract for .40 Caliber Ammunition from DHS, ICE --Additional .40 Caliber Ammunition Contract with 450 Million Round Potential Demonstrates ATK's Leadership in Ammunition Manufacturing
ANOKA, Minn., March 12, 2012 /PRNewswire via COMTEX/ -- ATK /quotes/zigman/217145/quotes/nls/atk ATK +0.02% announced that it is being awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) agreement from the Department of Homeland Security, U.S. Immigration and Customs Enforcement (DHS, ICE) for .40 caliber ammunition. This contract features a base of 12 months, includes four option years, and will have a maximum volume of 450 million rounds.
ATK was the incumbent and won the contract with its HST bullet, which has proven itself in the field. The special hollow point effectively passes through a variety of barriers and holds its jacket in the toughest conditions. HST is engineered for 100-percent weight retention, limits collateral damage, and avoids over-penetration.
"We are proud to extend our track record as the prime supplier of .40 caliber duty ammunition for DHS, ICE," said Ron Johnson, President of ATK's Security and Sporting group. "The HST is a proven design that will continue to serve those who keep our borders safe."
ATK will produce the ammunition at the Federal Cartridge Company facility in Anoka, Minn. Deliveries are expected to begin in June.
ATK is an aerospace, defense, and commercial products company with operations in 22 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 Form 10-K and its subsequent quarterly report on Form 10-Q and current reports on Form 8-K filed with the SEC.
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