Munitions manufacturer ATK (UNKNOWN:ATK.DL) 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.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.