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ATK To Continue Operation And Maintenance of Lake City Army Ammunition Plant

Cal Biesecker By
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ATK [ATK] yesterday said it has been selected by the Army over a BAE Systems-Olin Corp. [OLN] joint venture for continued operation and maintenance of the Lake City Army Ammunition Plant (LCAAP) in Independence, Mo.The Army also picked ATK for ammunition production. The initial contracts period is seven years and, if all award terms are exercised, the contracts would cover a 10-year period with a maximum potential value of approximately $8.5 billion. “ATK is proud to continue our collaboration with…

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