April 7th, 2009

Army Extends ATK's Lake City Ammo Plant Contract

Lake City Ammo ATKAlliant Techsystems (NYSE:ATK) has been awarded a contract from the U.S. Army to continue operating the Lake City Army Ammunition Plant for an additional four (4) years. Under the new contract, ATK will continue to supply small-caliber ammunition through September 2013. The contract extension assures an uninterrupted supply of ammunition to the U.S. military beyond ATK’s current 10-year contract. The U.S. Army also awarded ATK $481 million under the new contract for production of 5.56mm, 7.62mm, and .50-caliber ammunition and to continue work to modernize the Lake City facility.

ATK is now the #1 producer of small arms ammunition in the world, manufacturing billions of rounds each year. Lake City is a key source of ATK ammo production. ATK began operating the plant, located in Independence, Missouri, in April 2000 and has increased production from 350 million to more than 1.4 billion rounds annually. The plant has the capability to produce a mix of 5.56mm, 7.62mm, .50-caliber, and 20mm cartridges, as well as ammunition links.

Lake City Ammo ATK

Similar Posts:

Tags: , ,