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Article: ATK Awarded $27 Million Contract to Begin Initial Production Of Next-Generation Tactical Tank Ammunition Round; Options Could Bring Total ATK Contract Value to Over $133 Million.
- Article from:
- PR Newswire
- Article date:
- March 11, 2002
CopyrightCOPYRIGHT 2002 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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MINNEAPOLIS -- ATK (Alliant Techsystems) has been awarded a $27 million contract from the U.S. Army Armament Research, Development, and Engineering Center (ARDEC), Picatinny Arsenal, N.J., to begin low-rate initial production of the Army's next-generation 120mm armor-piercing tank ammunition round. Two additional production options could bring the total contract value to more than $133 million over the next three to four years.
The contract culminates a highly successful four-year engineering and manufacturing development program for the M829E3 kinetic-energy round, which uses an advanced composite sabot and penetrator design and high-performance propellant to ...