ATK to Deliver Dozens of Anti-Radar Missiles to U.S. Navy and Allies

The Department of Defense announced 64 separate contract awards worth $3.51 billion Wednesday. Among these, one of the larger defense contracts handed out was the $102 million that Alliant Techsystems, also known as ATK (NYSE: ATK  ) , won.

Worth $102.4 million (to be precise), this partial-foreign military sales contract funds the Full Rate Production of AGM-88E Advanced Anti-Radiation Guided Missile (AARGRM) Lot II. 

AARGRMs being loaded on an F/A-18 Hornet for test-firing. Source: Wikimedia Commons.

Additionally, ATK will be converting 112 AGM-88B High-speed Anti-Radiation Missiles (HARMs) to AGM-88E all-up-rounds and captive air training missiles (CATMs). 97 of these upgraded missiles are destined for the U.S. Navy, and 15 more for the Italian military. Related supplies and services are included in the contract.

Also in addition to the production lot, this contract provides for the conversion of eight AGM-88B HARM missiles to the AGM-88E AARGM CATM configuration for the Government of Australia. All of the deliveries described under this defense contract are due by December 2015. 

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2656235, ~/Articles/ArticleHandler.aspx, 8/23/2014 11:40:07 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement