ATK (ATK) Announces Contract Valued at $46.5 Million for Ammunition
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ATK (NYSE: ATK) announced that it is being awarded a $46.5 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract for AA40 5.56mm frangible ammunition by the Naval Surface Warfare Center, Crane Division in Crane, Ind.
The AA40 5.56mm frangible ammunition is a commercial product that will be used by the Navy, Air Force, Marine Corps and Coast Guard in rifles and carbines chambered for this caliber without modification.
Production will be performed by ATK in Anoka, MN and is expected to be completed by August 2016. The new AA40 5.56mm ammunition adds to ATK's portfolio of specialized ammunition for military applications.
The AA40 5.56mm frangible ammunition is a commercial product that will be used by the Navy, Air Force, Marine Corps and Coast Guard in rifles and carbines chambered for this caliber without modification.
Production will be performed by ATK in Anoka, MN and is expected to be completed by August 2016. The new AA40 5.56mm ammunition adds to ATK's portfolio of specialized ammunition for military applications.
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