ATK Awarded $204 Million to Supply Range of Munitions to U.S. Army and International Allies

ARLINGTON, Va., Oct. 13, 2014 /PRNewswire/ -- ATK (NYSE: ATK), a world-leading producer of ammunition, precision weapons and rocket motors, announced today that it has been awarded multiple contract awards with the U.S. government to supply non-U.S. standard ammunition (NSA) for the Department of Defense in support of international allies. The combination of awards received in August and September 2014 under ATK's Indefinite Delivery/Indefinite Quantity and Basic Ordering Agreement contracts total $203.7 million.

Under the terms of the contract awards, ATK will supply a range of ammunition and munition products.

"We are honored to support our Army customer in every facet of ammunition requirements they may have, and these significant awards will continue ATK's legacy of commitment and performance to the U.S. Army NSA program," said Kent Holiday, vice president and general manager of ATK's Small Caliber Systems division.

"ATK's ability to satisfy varied munitions needs provides a strategic advantage to the United States as it supports its allies across the globe," said Mike Kahn, president of ATK's Defense Group.

ATK has been the leading supplier to the NSA program since its inception. ATK is the operator of the U.S. Army's Lake City Army Ammunition Plant in Independence, Missouri, where it is the leading manufacturer of small caliber ammunition for the U.S Department of Defense.

ATK's Defense Group is an industry leader in providing innovative and affordable ammunition, precision and strike weapons, electronic warfare systems, and missile components across air-, sea-, and land-based systems.

ATK is an aerospace, defense, and outdoor sports and recreation company with operations in 21 states, Puerto Rico, and internationally. News and information can be found on the Internet at www.atk.com, on Facebook at www.facebook.com/atk, or on Twitter @ATK.

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: 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 ATK

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