Kansas City Business Journal
Alliant Techsystems Inc. has received an order worth at least $213 million under a contract from the U.S. Army Contracting Command in Rock Island, Ill.
The order is for a mix of 5.56-millimeter, 7.62-millimeter and .50-caliber ammunition. It will be produced by Alliant Techsytems’ (NYSE: ATK) ATK Small Caliber Systems division at the Lake City Army Ammunition Plant in Independence, which employs about 2,750 people.
The $213 million order is an addition to an existing indefinite-delivery and indefinite-quantity contract with the plant that lasts until 2012. The government uses this type of contract when it doesn’t know how much product it will need during a certain period of time.
Since ATK began managing the Lake City Plant for the Army in 2000, it has produced more than 10 billion rounds of ammunition.
Alliant Techsystems Inc. has received an order worth at least $213 million under a contract from the U.S. Army Contracting Command in Rock Island, Ill.
The order is for a mix of 5.56-millimeter, 7.62-millimeter and .50-caliber ammunition. It will be produced by Alliant Techsytems’ (NYSE: ATK) ATK Small Caliber Systems division at the Lake City Army Ammunition Plant in Independence, which employs about 2,750 people.
The $213 million order is an addition to an existing indefinite-delivery and indefinite-quantity contract with the plant that lasts until 2012. The government uses this type of contract when it doesn’t know how much product it will need during a certain period of time.
Since ATK began managing the Lake City Plant for the Army in 2000, it has produced more than 10 billion rounds of ammunition.
