ARLINGTON, Va., Sept. 27, 2012 /PRNewswire/ -- ATK (NYSE: ATK)
has been awarded a $71 million
contract for the full-rate production of the Advanced
Anti-Radiation Guided Missile (AARGM). The contract, awarded
by the U.S. Navy, provides for the production of operational
missiles for the Navy and the Government of Italy, as well as training missile systems for
the Navy, and all related supplies and services necessary for
manufacturing, sparing, and fleet deployment.
The AARGM system is a supersonic, air-launched tactical missile
system upgrading legacy AGM-88 HARM systems with the improved
capability to perform Destruction of Enemy Air Defense missions,
and is a complement to the U.S. Navy's HARM program. AARGM's
advanced multi-sensor system includes a millimeter wave terminal
seeker, advanced anti-radiation homing receiver and a Global
Positioning System/inertial navigation system. These enable
AARGM to rapidly engage traditional and advanced land- and
sea-based air-defense threats, as well as non-radar time-sensitive
strike targets.
AARGM is a U.S. Navy and Italian Air Force international
cooperative major acquisition program with the U.S. Navy as the
executive agent. AARGM is currently deployed on U.S. FA-18C/D
Hornet aircraft, and is being integrated for use on the U.S. Navy's
EA-18G Growler and FA-18 E/F Super Hornet aircraft, as well as the
Italian Air Force's Tornado ECR aircraft. The missile is also
compatible with the F-35, EA-6B, allied FA-18s, and U.S. and allied
F-16s.
As the prime contractor for the AARGM program, ATK leads a
global industry team including the following subcontractors: MBDA
Italia S.p.A, Cobham Defense Electronics, Quinstar Technology,
Inc., COI Ceramics Inc., HDL Research Labs, Inc., Aerospatiale
Batteries (ASB), CTS Electronics Manufacturing Solutions, Moog,
Inc., Integrated Magnetics and Sierra Nevada Corporation.
AARGM is produced at ATK's facilities in Woodland Hills, and Ridgecrest, Calif.
"Achieving full-rate production underscores the tremendous
performance of our government/industry team. Achieving this
milestone would not have been possible without the strong support
and the steadfast dedication of our solid team and partners," said
Bill Kasting, Vice President and
General Manager of ATK's Defense Electronic Systems division. "We
remain committed to delivering AARGM's game-changing capabilities
to the Fleet and to making it available for use on other U.S. and
allied platforms."
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.
Media
Contact:
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Investor Contact:
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Nancy
Stoehr-Campbell
|
Steve
Wold
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Phone:
818-887-8471
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Phone:
952-351-3056
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E-mail:
nancy.stoehr-campbell@atk.com
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E-mail:
steve.wold@atk.com
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SOURCE ATK