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Business/Financial

ATK Gets $55 Million Navy LRIP Contract For AARGM

DDN

Thursday, January 22nd, 2009

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The Navy last month awarded Alliant Techsystems [ATK] a $55 million Low Rate Initial Production (LRIP) contract for the advanced anti-radiation guided missile (AARGM), the company reported yesterday. The contract is for missiles, containers, spares, support/special test equipment, and required production transition activities. The contract provides for AARGM deliveries of sufficient quantity to meet the Navy's Initial Operational Capability (IOC) in 2010. Under terms of the contract, ATK will provide the weapon systems for use on U.S. Navy and Marine…

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