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Alliant Techsystems (NYSE: ATK) Awarded $5 Million Contract for First Phase of U.S. Army's Accelerated Precision Mortar Initiative (APMI)

Ft. Lauderdale 12/01/2009 03:46 PM GMT (TransWorldNews)

 

Alliant Techsystems (NYSE: ATK) has been awarded a $5 million contract from the U.S. Army for the Army's Accelerated Precision Mortar Initiative (APMI) first phase. Three companies were chosen for the development of the first phase.

 

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Consisted in the first phase is a three month design, maturation and demonstration program aimed at developing a precision mortar capability. The first phase will end with flight tests and a "shoot off" among industry designs.

 

ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.8 billion.

 

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