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ATK Awarded $20 Million to Deliver Load-Bearing Vests for the U.S. Marine Corps
ATK Wholly-Owned Subsidiary, Eagle Industries, to Produce Vests
Eagle Scalable Plate CarrierTM Lightens the Load for U.S. Marines
Minneapolis, August 17, 2009 – Alliant Techsystems (NYSE: ATK) has received a $20 million order from the U.S. Marine Corps to produce Scalable Plate CarriersTM and components. The Scalable Plate CarriersTM (SPC) are scheduled for delivery by the end of January 2010, and will be produced by the company’s recently acquired, wholly-owned subsidiary Eagle Industries.
The SPC, designed by Eagle Industries in 2008, maximizes Marines’ agility, while relieving heat and weight stress due to carrying individual combat loads in arduous environments. The SPC’s slim and highly adaptable configuration allows Marines to adjust the load to match ever-changing mission profiles. In Afghanistan, Marines are operating at higher altitudes and the SPC provides ballistic protection in that environment. The features of this system are specifically designed to lighten the Marine’s load, increasing maneuverability, lethality, and survivability.
“ATK is working with the U.S. Marine Corps to provide mission-critical solutions for the courageous men and women who defend our freedom,” said Mark DeYoung, ATK Senior Vice President and President Armament Systems. “We are constantly improving our existing products by developing new and innovative technologies, maintaining our quality standards, and providing the best value to military and law enforcement professionals around the world.”
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at www.atk.com<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: assumptions related to the production of load-carrying equipment, changes in governmental spending, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK’s most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange
Commission.
News Release Corporate Communications Phone: 952-351-308
7480 Flying Cloud Drive Fax: 952-351-3009
Minneapolis, MN 55344
Media Contact:
Amanda Covington
Phone: 801-779-4625
E-mail: amanda.covington@atk.com
ATK to Consolidate Eagle Industries Manufacturing Operations Ensuring Long-Term Viability and Sustainability in the Delivery of Mission Critical Products to its Customers
Consolidation Effort to Affect the New Bedford Facility
Transition Targeted to be Complete by July 31, 2009
Minneapolis, May 29, 2009 – Alliant Techsystems (NYSE: ATK) announced plans today to consolidate operations of its wholly-owned subsidiary, Eagle Industries, Inc., in the production of tactical systems and personal equipment for U.S. military and law enforcement. As a result, Eagle Industries will close its New Bedford, Mass. facility. The closure is targeted to be complete by July 31, 2009.
Eagle operates multiple manufacturing facilities. The New Bedford facility is operating well below capacity and this action will help ensure a more competitive and viable business. Eagle will maintain continuity and uncompromised delivery to customers throughout this effort.
The New Bedford facility employs approximately 350 people to produce the Modular Lightweight Load-carrying Equipment (MOLLE) system. ATK is offering employment assistance to the New Bedford employees, including resume writing and interview workshops.
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.7 billion. News and information can be found on the Internet at www.atk.com.
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Eagle
is proud to introduce our newest product line. After a year of
development, we are releasing Eagle WaterPoint™ which is a full
hydration line built for the end user.
3 Key WaterPoint™ Features:
Superior Reservoir
- Eagle WaterPoint™ uses the state of the art Source Reservoir System.
The Reservoir opens up to allow your hand to fit inside for easy
cleaning. Click here to see a sample of the Reservoir.
Superior Stitching - As always Eagle's SecureTak™ stitching will ensure that this product holds up in all conditions.
Superior Design
- WaterPoint™ design's are made to last and are designed for the end
user. They are not built to be commercialized but built to function in
the most extreme conditions.
We will be adding more products to this line throughout the year so stay tuned for future releases.
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