MINNEAPOLIS, Nov. 2, 2010 /PRNewswire/ -- ATK (NYSE: ATK) announced today that its Eagle operation has received an $18.5 million sole-source, follow-on contract from Marine Corps Systems Command to produce Scalable Plate Carrier (SPC) components and spare parts with soft armor ballistic protection to help Marines lighten their load. The company received its first contract for SPCs in 2007, following an Urgent Universal Needs Statement from the USMC to deliver plate carriers. The SPC system spare parts and components will be manufactured at the company's Lares, Puerto Rico and Fenton, Missouri facilities.
The SPC system works in conjunction with BAE's soft armor ballistic package and provides the Marines with a lightweight, yet effective body armor solution that supports an overall effort to lighten the load of U.S. Marines. Production is already underway and deliveries are expected to be completed in early 2011.
"The SPC system provides troops with protection they need while lightening the load they carry into the field," said Ron Johnson, President of ATK's Security and Sporting group. "We remain flexible in order to deliver affordable innovation to support U.S. Marines and the mission at hand."
ATK is a premier aerospace and defense company with operations in 24 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet 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; 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 its subsequent quarterly report on Form 10-Q and current reports on Form 8-K filed with the SEC.
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