Aerospace Group:

Army

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Defense Daily Staff

Monday, August 8th, 2011

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Extension. Alliant Techsystems [ATK] continues to operate and support the Army Radford Ammunition Plan through a contract extension pending resolution of its protest of the Army’s award in May to Britain’s BAE Systems to take over plant operations. ATK’s contract extension runs through February 2012, although the revenue run rates are lower than a year ago, Mark DeYoung, ATK’s president and CEO, says on the company’s first quarter earnings call. The Army has slowed spending and production at Radford as…

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