ATK Receives $52.2 M to Modernize the Lake City Army Ammunition Plant

- ATK Continues to Execute a Multi-Year Modernization Program
- Modernization will Assure Lake City Plant Remains Primary Source of Ammunition for Decades to Come

(Minneapolis, January 30, 2008) -- Alliant Techsystems (NYSE: ATK), the largest supplier of small-caliber ammunition to the United States military, has received an additional $52.2 million in funding to modernize and enhance manufacturing capability for the production of ammunition. The contract was issued by the U.S. Army Sustainment Command, Rock Island, Ill.

Working in partnership with the Army, ATK has modernized equipment, production lines and facilities dating to the 1940s and 1970s and increased the plant's production from 400 million rounds in 2000 to 1.4 billion in 2007. This ongoing modernization effort will ensure that Lake City remains a dependable source of more affordable, reliable, high quality ammunition for decades to come.

Source : Alliant Techsystems (ATK)

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