Alliant Techsystems (NYSE: ATK) is indicated higher this morning after it has received an additional $415.6 million in small-caliber ammunition orders and modernization funding. The contracts were awarded by the U.S. Army Sustainment Command in Rock Island, Illinois.
Interestingly enough, ATK said it delivered 1.4 billion rounds of military small caliber ammunition in fiscal 2008 and expects roughly the same in 2009. This plant order (Lake City) has been expanded to have the capacity for 1.6 Billion rounds per year.
The size of this contract compares to about $4.1 Billion in annual revenues.
Jon C. Ogg
April 7, 2008
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