ATK Awarded $186 Million for International Defense Contracts

ARLINGTON, Va., April 9, 2014 /PRNewswire/ -- ATK ATK, a world-leading producer of ammunition, precision weapons and rocket motors, announced today that it has received international contracts from U.S. allies totaling $186 million for ammunition that spans multiple calibers as well as ammunition services that will increase allied defense capabilities.

"Partnering with our allies to help maintain their defense capabilities aligns directly with our core business competencies and international growth strategies," said Mike Kahn, Senior Vice President and President ATK Defense Group. "ATK is uniquely positioned within the defense industry to deliver these products and services, given the company's expertise in design and manufacturing of a wide variety of military munitions."

Certain ammunition production work will occur at ATK-managed facilities in the United States and ammunition services will be performed on site at international customer facilities.

ATK is an aerospace, defense and commercial products company with operations in 22 states, Puerto Rico and internationally. News and information can be found on the Internet at www.atk.com, on Facebook at www.facebook.com/atk or on Twitter @ATK.

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.

SOURCE ATK