ATK Receives Award To Provide Guided Advanced Tactical Rocket (GATR) For Evaluation

ARLINGTON, Va., April 22, 2013 /PRNewswire/ -- ATK (NYSE: ATK) announced today that the company has received a $3.2 million contract award through the Defense Acquisition Challenge (DAC) Program to provide a low-cost, light-weight, precision guided missile for the U.S. Special Operations Command (USSOCOM) evaluation. This missile incorporates lock-on before and after launch and employs a penetrating warhead with sufficient kinetic energy to defeat hardened targets. The project directly supports a USSOCOM requirement that ATK is ready to meet with its Guided Advanced Tactical Rocket (GATR) and Precision Guided Rocket Launcher (PGRL).

"Our on-going investment and expertise in precision strike weapons, including the GATR system, provide a mature capability that fulfils the requirements of our military customers using innovative approaches that minimize integration costs," said Dan Olson, Vice President and General Manager for ATK Armament Systems.

The DAC project for ATK's GATR and PGRL is to validate desired operational and ballistic performance while employed from USSOCOM airborne platforms. During the project, ATK will provide GATR missiles and PGRL digital smart launchers for environmental testing and operational evaluation on MH-60L/M rotary wing platforms.

The GATR missile incorporates the same semi-active laser seeker used in the combat-proven laser Joint Direct Attack Munition (JDAM) weapon, providing a robust seeker field of view. GATR employs a digitally-fuzed, fully-qualified M282 multi-purpose penetrating warhead that is programmed from the cockpit to provide super quick, point detonating fuzing to defeat soft targets or delayed fuzing to penetrate hardened targets. The GATR provides a tactical employment envelope as much as 50 percent greater than currently-fielded laser-guided rockets. GATR also provides optimized terminal performance against hardened, stationary and moving targets.

GATR is launched from ATK's PGRL digital launcher and is available in three-, seven- and 19-tube variants providing numerous stowed kills and also is compatible to employ legacy unguided Hydra rockets. The PGRL can be seamlessly integrated onto air platforms using currently existing digital and analog fire control systems and can provide digital stores management for all loaded weapons.

Today's battlefield is ever-changing in terms of targets and engagement criteria. GATR addresses the need for a lightweight, precision-guided missile that provides targeting flexibility, minimizes collateral damage, and increases platform firepower. GATR and PGRL provide an accurate, responsive and low-cost capability that maximizes precision strikes not currently available with existing weapons systems.

ATK is an aerospace, defense, and commercial products company with operations in 21 states, Puerto Rico, and internationally. News and information can be found at 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: 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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