ATK (ATK), Gen. Dynamics (GD) Enter PERM Development Agreement for USMC
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ATK (NYSE: ATK) and General Dynamics' (NYSE: GD) Ordnance and Tactical Systems have signed a teaming agreement to offer a full-up solution for the United States Marine Corps' requirements for the rifled, 120mm Precision Extended Range Mortar (PERM).
Under the terms of the teaming agreement, ATK will be the prime contractor to the USMC for the PERM Engineering and Manufacturing Development (EMD) program, providing guidance fuze technology combined with General Dynamics' propulsion and warhead subsystems.
Financial terms of the agreement were not disclosed.
Under the terms of the teaming agreement, ATK will be the prime contractor to the USMC for the PERM Engineering and Manufacturing Development (EMD) program, providing guidance fuze technology combined with General Dynamics' propulsion and warhead subsystems.
Financial terms of the agreement were not disclosed.
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