Agreement in Excess of $100 Million Demonstrates ATK's Position as World-Class Supplier in Manufacturing Composites
ARLINGTON, Va., Oct. 29, 2012 /PRNewswire via COMTEX/ -- ATK announced today that Airbus Military has selected ATK for a contract in excess of $100 million to produce composite wing cover stringers for use on the A400M Military Transport Aircraft. The A400M is a new generation, four-engine turboprop military transport aircraft designed by Airbus Military, with its first aircraft delivery planned for the second trimester in 2013. This aircraft is already in full production and Airbus has selected ATK, a demonstrated expert in composite manufacturing, for this specific work package.
The A400M work package will be produced in the Aircraft Commercial Center of Excellence (ACCE) facility used for commercial aircraft and engine programs in Clearfield, Utah. The A400M work will use many of the same manufacturing processes already deployed within the ACCE facility.
"ATK is excited to continue expanding the scope of our relationship with Airbus," said Joy de Lisser, vice president and general manager of ATK's Aerospace Structures Division. "This scope complements the success we've already created with Airbus and demonstrates their confidence in our people and processes."
The contract between ATK and Airbus includes 122 wing cover stringers per aircraft for 180 aircraft. Airbus has already achieved sales for 174 aircraft. ATK may have the opportunity to grow as more A400M aircraft are sold.
ATK is an aerospace, defense, and commercial products company with operations in 21 states, Puerto Rico, and internationally. News and information can be found on the Internet at www.atk.com .
Airbus Military is a subsidiary of Airbus, an EADS Company, a leading aircraft manufacturer with the most modern and comprehensive product line. News and information can be found on the internet at www.airbus.com and www.airbusmilitary.com .
Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: future levels of business in the aerospace and commercial transport industries or in the number of aircraft to be built; the success and timely progression of our customers' new programs; the success and timely execution of key certification and delivery milestones; the company's competitive environment; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
SOURCE ATK
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