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ATK Awarded $97 M to Develop Multi-Stage Supersonic Target
- Target Will Provide U.S. Navy with Evaluation of Combat Systems Necessary to Counter Surface-to-Surface Missile Threats
- MSST Establishes ATK's Missile Target Portfolio
- Follow-on Production Contract Could Generate Significant Business
(Minneapolis, September 2, 2008) -- Alliant Techsystems (NYSE: ATK) announced today that it has been awarded a $97 million contract for the design, development, integration, and test of the Multi-Stage Supersonic Target (MSST) by the Naval Air Systems Command, Patuxent River, Maryland. With incentives, the value of the contract announced today could reach $103 million. The system design and development phase of the program is expected to be complete by October 2012. Once this phase of the program concludes, the company believes there could be follow-on production awards that generate significant business for ATK over the next decade.
The MSST will simulate a two-stage anti-ship cruise missile threat. It consists of a two-stage unmanned aerial target, a launcher, and associated support equipment. The U.S. Navy will use MSST to evaluate the operational effectiveness of weapons/combat systems against next-generation surface-to-surface anti-ship missiles that cruise at subsonic speeds, initiate a separation event, and then make a supersonic dash to the intended target.
Source :
Alliant Techsystems (ATK)
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