Alliant Techsystems Inc. (ATK) extended its existing three-year contract with the U.S. Army adding a $41 million contract to supply additional non-standard (non-NATO) ammunition to the Afghan Security Forces (ASF).
The three-year contract was awarded to Alliant in 2009 by the U.S. Army Contracting Command in Rock Island, Illinois. Under the contract, Alliant provides supply chain management, quality assurance and logistical expertise for delivering non-standard small, medium and large caliber ammunition, as well as mortars and rockets, to Kabul for use by allied security forces.
Alliant has established its market leadership in small-caliber ammunition by serving the United States forces. Today, the company is expanding to serve the needs of allies around the world by drawing on its expertise in quality control, program and supply chain management, and world-class manufacturing.
Alliant Techsystems is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. The company supplies aerospace and defense products to the U.S. government agencies, and its prime contractors and sub-contractors. The company also supplies ammunition and related accessories to law enforcement agencies and commercial customers.
Alliant reported strong operating results for fiscal year 2010, with annual sales increasing 5% to $4.8 billion. Earnings per share for the fiscal year were the highest in company’s history at $8.33 per share. The total year-end backlog was $7.1 billion.
The company expects full year 2011 sales in the range of $4.75 billion to $4.85 billion, and EPS in the range of $8.00 to $8.50. Furthermore, the company expects to generate free cash flow of $275 million – $300 million for fiscal 2011.
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