ATK Secures .40 Caliber Ammunition Contract with Department of Justice, Federal Bureau of Investigation
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 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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