There is no news that SAF has ordered this new stuff.
Many guys here repeately says that only SAF would buy ST
products.
I dunt think so.Not bad.Why not?
ST is ahead of some countries in some areas.
<!--
TRANSIT - INFOBEFORE -->
June 18, 2008
<!-- <tr> <td class= "leftsidebarlinkhead"> <div
class="leftnav11"> <table cellspacing="0"> <tbody>
<tr> <td class="out" align="right"><span
style="text-transform: uppercase"> Press
Releases</span></td> </tr> </tbody>
</table> </div> </td> </tr> --> <!--
BEGIN MR NAV -->
<< [Back to Press Releases]
Dec 15, 2006
Contract Win Highlights ATK's Total Gun System
Approach
U.S. Marines Will be the First to Receive 30mm Advanced
Medium Caliber System
MINNEAPOLIS, Dec. 15 /PRNewswire-FirstCall/ -- Alliant
Techsystems (NYSE: ATK) recently received a contract from the U.S.
Crane Division, Naval Surface Warfare Center, Crane, Indiana, to
provide 30mm air bursting ammunition for the U.S. Marine's
Expeditionary Fighting Vehicle. Under terms of the contract, ATK
will provide 1200 rounds within the next six months to the U.S.
Navy for qualification tests. The contract contains three
production options for deliveries of 30mm air bursting ammunition.
This is the first ever production contract for air bursting
ammunition and highlights ATK's role as a gun-system provider of
choice.
"Air bursting technology is the future of medium-caliber
ammunition and we are proud to be selected as the system provider
of this important new warfighting capability," said Mark DeYoung,
President, ATK Ammunition Systems Group. "Air bursting technology
will extend the life of today's gun systems by significantly
enhancing their effectiveness and it will play a central role in
the gun systems of tomorrow such as the U.S. Army's Future Combat
System."
ATK's air bursting technology is an affordable,
operator-friendly design that can be scaled down and integrated
into other medium-caliber gun systems such as the 25mm M242 Chain
Gun. The M242 is currently deployed on the Bradley Fighting Vehicle
and Light Armored Vehicle-25.
Key components of the system include ATK's Mk44 Chain Gun, a gun
control unit with an inductive fuze setter; a fire control system
and the 30mm x 173mm Air Bursting Munition. Milliseconds before the
round is chambered, the sophisticated fuze is programmed to explode
at the precise range selected by the gunner -- who uses an advanced
laser range finder to determine the distance. Once the round exits
the gun, the ATK-designed fuze technology computes the projectile's
revolutions and velocity to determine the exact moment of
detonation.
The first platform scheduled to incorporate ATK's 30mm air
bursting ammunition will be the U.S. Marines Expeditionary Fighting
Vehicle, which is equipped with ATK's Mk44 Gun System. Other Mk44
platforms include the U.S. Navy's San Antonio Class LPD-17
amphibious ship, numerous NATO armored and ground combat vehicles,
and potentially an up-gunned Bradley Fighting Vehicle. Work on the
contract will be performed by ATK at facilities in Plymouth,
Minnesota, Rocket Center, West Virginia, and Radford, Virginia.
ATK is a $3.4 billion advanced weapon and space systems company
employing approximately 15,000 people in 22 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 air
bursting ammunition, 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.
SOURCE: Alliant Techsystems
CONTACT: Media, Bryce Hallowell, +1-952-351-3087, or
[email protected] , or Investors, Steve Wold,
+1-952-351-3056, or
[email protected] , both of Alliant Techsystems
Web site: http://www.atk.com/
