Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, has signed multiple, long-term agreements with premier commercial ammunition suppliers, valued in excess of USD 400 million over a three-year period, the company said.
The agreements span from 2018 to 2020 and provide flexibility to optimize factory operations and best support customer needs and market demands.
The supplier agreements focus primarily on 5.56mm and .223 caliber ammunition manufactured at the Lake City Army Ammunition Plant in Independence, Missouri.
Since 2000, Orbital ATK has produced more than 17 billion rounds of small-caliber ammunition at Lake City to support US and allied warfighters around the globe as well as commercial customers.
Orbital ATK´s Defense Systems Group, of which the Small Caliber Systems Division is a part, is an industry leader in providing innovative and affordable precision and strike weapons, advanced propulsion and hypersonics, missile components across air-, sea- and land-based systems, ammunition and related energetic products.
Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK employs approximately 13,000 people in 18 states across the United States and in several international locations.