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ATK Receives $50 Million To Continue Production of 20mm PGU Ammunition

DDN

Friday, September 24th, 2010

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ATK [ATK] yesterday said it has received an order valued at more than $50 million from the Army to produce multiple variants of 20mm PGU ammunition. This is the second order under a contract originally signed in September 2008. If all options are exercised, ATK's contract is expected to exceed $170 million by 2013. ATK will produce PGU-27A/B Target Practice (TP), PGU-30A/B Target Practice-Tracer (TP-T), PGU-28A/B Semi-Armor Piercing High Explosive Incendiary (SAPHEI) ammunition, a PGU- 28A/B SAPHEI and PGU-30A/B TP-T…

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