ATK (ATK) Receives $24M Ammo Service, Test Contract from U.S. Army

ATK (NYSE: ATK) has received a $24 million contract modification to provide the U.S. Army with additional ammunition, hardware, test and analysis support further user assessments of the XM25, Individual Semi-Automatic Airburst System (ISAAS). In March 2011, ATK received a $65.8 million Engineering and Manufacturing Development (EMD) contract from the U.S. Army's Program Executive Office (PEO) Soldier for the XM25. This 30-month EMD contract provided the necessary funding for the continuing design, integration, production, and testing of full-up systems to ensure the weapon's final design meets performance requirements and is production-ready prior to Army-wide fielding.

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