ARLINGTON, Va., Oct. 23, 2012 /PRNewswire/ – ATK (NYSE: ATK) has been awarded an indefinite delivery/indefinite quantity contract with an $84 million ceiling for First Article Testing and production of the FMU-143 Bomb Fuze for the U.S. Air Force and Navy. Initial orders under the contract are valued at $52 million. The U.S. Army’s Contracting Center at Rock Island, Ill., issued ATK the award as the prime contractor, teaming with L-3 Fuzing and Ordnance Systems (FOS).
The FMU-143 is used on penetrating weapons such as the BLU-109 and BLU-113 for the defeat of hard and deeply buried enemy targets. These weapons are designed with technology that enables them to stay intact upon impact and penetrate deep into the interior of hardened sites, where the FMU-143 provides a delayed detonation to ensure a more complete destruction of the hardened target.
“ATK is proud to add this product to our portfolio of fuzing for defeat of hard and deeply buried targets,” said Dave Fine, Vice President for ATK’s Fuzing and Warheads Market Segment. ”The FMU-143 is the only qualified production fuze for use in today’s hard target defeat weapon systems. This complements our lead role in the development of next-generation hard target defeat fuzing systems, established through our earlier win of the FMU-167 Hard Target Void Sensing Fuze program.”
“ATK has a tremendous program and manufacturing team dedicated to producing FMU-143 for the U.S. Air Force and Navy,” said Cary Ralston, Vice President and General Manager of ATK Missile Products Division. “We look forward to partnering with our teammate and customers to deliver the highest quality product and to provide this critical capability to the U.S. Armed Forces.”
Production of the FMU-143 will occur at the L-3 FOS facility in Cincinnati and 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.