Minneapolis-based Alliant Techsystems Inc. is filling orders fast to support U.S. war efforts in the Middle East.
The most-recent deal was a $94 million ammunition order from the U.S. Army Sustainment Command in Rock Island, Ill. ATK will provide 5.56 mm, 7.62 mm and .50-caliber ammunition that the company will produce at its Lake City Army Ammunition Plant (LCAAP) in Independence, Mo., the company said Nov. 9.The company says it's the largest supplier of ammunition to the U.S military. ATK also provides ammunition to U.S. allies. The company began operating the LCAAP in 2000, where it produces a mix of ammunition and ammunition links.
ATK is working with the Army to expand manufacturing capacity at LCAAP and is also under contract to modernize the facility. The company delivered 1.4 billion rounds of ammunition produced at LCAAP in 2009.
Just days earlier, ATK and BAE Systems said they were awarded a $32.2 million contract to develop the Joint Allied Threat Awareness System (JATAS) for the U.S. Navy and Marine Corps helicopter and tilt-wing aircraft. The ATK and BAE team is one of two industry partners selected to the demonstration phase of the next-generation missile warning system, ATK said on Nov. 5.
The demonstration phase will include flight demonstrations of prototype systems and a final award by the Navy.
At A Glance Alliant Techsystems Inc. Minneapolis, Minn. Primary Industry: Miscellaneous Number of Employees: 19,000 2008 In Review Revenue: $4.58 billion Profit Margin: 5.33% Sales Turnover: 1.31 Inventory Turnover: 17.67 Revenue Growth: 17.02% Return On Assets: 7.74% Return On Equity: 39.86% |
The company won another major ammunition award from the Army's Command center in Rock Island in early October for $105 million. The three-year deal calls for various types of non-standard ammunition for Afghanistan security forces. If all options are fully exercised, the contract value could potentially exceed $200 million, ATK says.
ATK reported in August first-quarter profit of $57.9 million, or $1.64 per share, compared with $52.4 million, or $1.50 per share, in the year-earlier period.
ATK will release its second-quarter results on Nov. 12.
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