Alliant Techsystems (ATK) Receives $16.2M Ammunition Contract in Turkey
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Alliant Techsystems Inc. (NYSE: ATK) announced today the receipt of a $16.2 million, two-year contract from Makina ve Kimya Endustrisi Kurumu (Mechanical and Chemical Industry Corporation or MKEK), on behalf of the Turkish Ministry of Defence, for 25mm tactical and training ammunition components.
This new contract falls under a 10-year extension signed in December 2010 that follows an already decade-long partnership to provide material licensing and technical assistance for the indigenous production of ATK's 25mm munitions in Turkey.
Materials for both tactical and training 25mm munitions, including the M792 HEI-T (High Explosive Incendiary with Tracer), M793 TP-T (Target Practice with Tracer), and M791 APDS-T (Armor Piercing Discarding Sabot with Tracer) are scheduled for delivery to MKEK beginning in 2012.
This new contract falls under a 10-year extension signed in December 2010 that follows an already decade-long partnership to provide material licensing and technical assistance for the indigenous production of ATK's 25mm munitions in Turkey.
Materials for both tactical and training 25mm munitions, including the M792 HEI-T (High Explosive Incendiary with Tracer), M793 TP-T (Target Practice with Tracer), and M791 APDS-T (Armor Piercing Discarding Sabot with Tracer) are scheduled for delivery to MKEK beginning in 2012.
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