Please ensure Javascript is enabled for purposes of website accessibility

ATK Wins $3.2 Million Rocket Contract

By Rich Duprey - Apr 22, 2013 at 11:56AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Contract seeks missiles that can penetrate "hardened" targets with precision.

Munitions manufacturer ATK (NYSE: ATK) has been awarded a $3.2 million contract to provide a low-cost, light-weight, precision-guided missile that incorporates lock-on capabilities before and after launch. 

The munitions maker is confident its guided advanced tactical rocket and precision-guided rocket launcher will meet the contract's requirements. The contract comes through the Defense Acquisition Challenge (DAC) program, which aims to incorporate innovative and cost-saving technology or products into existing Department of Defense acquisition programs. The missile will be evaluated by U.S. Special Operations Command.

ATK's VP and general manager for armament systems, Dan Olson, was quoted as saying, "Our on-going investment and expertise in precision strike weapons, including the GATR system, provide a mature capability that fulfils the requirements of our military customers using innovative approaches that minimize integration costs."

Launched from ATK's precision-guided rocket launcher, ATK says the guided advanced tactical rocket missile incorporates the same technology used in other combat-proven munition weapons, and offers the option of quick point detonation to "defeat soft targets" or delayed detonation to penetrate hardened targets.

The company says the rocket launcher can be seamlessly integrated onto air platforms using currently existing digital and analog fire control systems and can provide digital stores management for all loaded weapons.

ATK is an aerospace, defense, and commercial products company with operations in 21 states, Puerto Rico, and internationally.

link

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
330%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/22/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.