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Article: Alliant Techsystems Selected to Produce Small-Caliber Ammunition and Operate Lake City Army Ammunition Plant.
- Article from:
- PR Newswire
- Article date:
- August 2, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Production Contract Expected to Generate $1 Billion in Sales Over Next 10
Years
MINNEAPOLIS, Aug. 2 /PRNewswire/ -- Alliant Techsystems (NYSE: ATK) said it has been awarded a firm fixed-price contract from the U.S. Army Industrial Operations Command (IOC), Rock Island, Ill., to supply the Army's requirements for small-caliber ammunition over the next 10 years. The contract is expected to generate total sales of approximately $1 billion, with annual revenues averaging approximately $100 million during the period.
ATK also will operate the Lake City Army Ammunition Plant in Independence, Mo., the Army's only small-caliber ammunition production ...