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ATK Successfully Demonstrates Precision Guidance Capabilities for 105mm Artillery
2008-08-11 08:30:00
ATK Successfully Demonstrates Precision Guidance Capabilities for 105mm Artillery
Program Builds on Proven 155mm PGK Design for 105mm Cannon-Fired Munitions Innovative Design is a Low-Risk, Affordable Solution to Enhance Effectiveness of Existing Artillery MINNEAPOLIS, Aug. 11 /EMWNews/ -- Alliant Techsystems Inc. (NYSE: ATK) announced today that it has successfully demonstrated the capability to divert a 105mm artillery round using its existing 155mm Precision Guidance Kit (PGK) with minimal modification to the current design. ATK recently conducted tests of the PGK on M927 rounds at Yuma Proving Ground, Yuma, Ariz. The tests verified that the ATK-designed PGK provides more than twice the control authority necessary to meet 105mm performance requirements. The tests were funded internally by the company to demonstrate the robust design capability of the PGK. Already proven on the 155mm Howitzer, the 105mm PGK incorporates 99 percent of the existing 155mm PGK design. The only difference is a single mechanical part. This approach maximizes the Army's investment in this technology. The high degree of commonality provides a low-risk approach that significantly reduces development and qualification costs, as well as the schedule to field a 105mm PGK. This commonality allows for a near-term affordable transformation of existing 105mm artillery rounds into precision weapons that improve combat effectiveness while reducing the potential for collateral damage. ATK competed for and won the system design and development (SDD) contract for the 155mm PGK in May 2007. The PGK is a low-cost, fuze-sized guidance kit intended to replace NATO standard height of burst, and point detonation fuzes. The kit improves projectile accuracy by coupling global positioning system (GPS) technology with ATK's fixed canard guidance system. The GPS technology provides location and time during flight and ATK's unique guidance, navigation, and control approach determines trajectory and makes in-flight corrections to the target. ATK is a premier aerospace and defense company with more than 17,000 employees in 21 states and $4.5 billion in revenue. News and information can be found on the Internet at http://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: uncertainties associated with developing precision guided munitions, 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.
Media Contact: Investor Contact: Tom VanLeunen Steve Wold Phone: 703-412-3218 Phone: 952-351-3056 E-mail: [email protected] E-mail: [email protected]
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