ATK to Build Canister Gas Generators for the Kinetic Energy Interceptor
25 Mai 2005 - 3:30PM
PR Newswire (US)
ATK to Build Canister Gas Generators for the Kinetic Energy
Interceptor ATK's Generators Ensure Rapid Response to Threats
MINNEAPOLIS and ROCKET CENTER, W.Va., May 25 /PRNewswire-FirstCall/
-- Alliant Techsystems (NYSE:ATK) has received a developmental
contract for the Canister Gas Generators of the Kinetic Energy
Interceptor (KEI). Terms of the contract were not disclosed.
Northrop Grumman (NYSE:NOC) is the prime contractor on KEI for the
Missile Defense Agency (MDA). Work on the contract will be
performed at the company's Allegany Ballistics Laboratory in Rocket
Center, W.Va. ATK is an industry leader in the design, development
and production of gas generators for missile systems. The company
has previously provided similar systems for the U.S. Navy's
Trident, Poseidon, Polaris, Sprint and currently Tomahawk missile
systems. KEI is a next-generation missile assigned the task of
boost/ascent phase intercepts as part of MDA's global layered
defense strategy. As an integral part of boost phase defense, it is
critical that the KEI launch rapidly out of its canister. The
ATK-developed gas generators will nearly instantaneously create the
proper pressure inside the canister to eject the missile, at which
point the first stage rocket motor, also built by ATK, will ignite.
ATK will supply 29 gas generators for KEI development and test
programs. The first static firing for the Stage 1 Rocket Motor is
scheduled for FY06 while the gas generator eject test is scheduled
for FY07. During the eject test, the generators will propel an
inert "slug" out of the canister that is matched in weight and
center of gravity to the actual interceptor. Additional generators
will be used in full-rate production. ATK is an advanced weapon and
space systems company with expected FY06 revenue of $3.0 billion.
The company employs approximately 14,000 people in 23 states. News
and information can be found on the Internet at http://www.atk.com/
. 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: the challenges of developing next-generation
missile defense systems, changes in governmental spending and
budgetary policies, economic conditions, the company's competitive
environment, the timing of awards and contracts, and program
performance. ATK undertakes no obligation to update any forward-
looking statements. For further information on factors that could
impact ATK, and the statements contained herein, reference should
be made to ATK's filings with the Securities and Exchange
Commission, including quarterly reports on Form 10-Q, current
reports on Form 8-K and annual reports on Form 10-K. Media Contact:
Investor Contact: Bryce Hallowell Steve Wold Phone: 952-351-3087
Phone: 952-351-3056 E-mail: E-mail: DATASOURCE: ATK CONTACT: Media,
Bryce Hallowell, +1-952-351-3087, , or Investor, Steve Wold,
+1-952-351-3056, , both of ATK Web site: http://www.atk.com/
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