From: Alliant Techsystems
Posted: Wednesday, December 7, 2005
NASA Selects ATK Reusable Solid Rocket Motors as Baseline for Human Access to Space
NASA announced that Alliant Techsystems (NYSE: ATK - News) will become the prime contractor to design, develop, test, and evaluate the First Stage propulsion system for its next-generation Crew Launch Vehicle (CLV). The scope of work adds substantially to that performed by ATK on the space shuttle program. In its announcement, NASA states, "ATK possesses the facilities, manufacturing capability, and engineering and manufacturing workforce to successfully manufacture the CLV First stage as a single prime contractor."
"By expanding ATK's role on CLV to a First Stage prime contractor, we are working in support of NASA's space vision to develop reliable, proven and affordable access to space," said Dan Murphy, ATK Chairman and CEO. "This new opportunity for ATK is in addition to our work on the Space Shuttle program and ATK's efforts to support the prime contractor teams competing to develop the Crew Exploration Vehicle."
Opportunities for additional scope on space exploration missions include crew escape designs, lunar-lander systems, thermal and radiation shielding, and advanced lightweight materials.
ATK is a $3.1 billion advanced weapon and space systems company employing approximately 15,000 people in 23 states. News and information can be found on the Internet at http://www.atk.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: changes in governmental spending, the challenges of developing advanced rocket motor technology, program performance, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; 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, reference should be made to ATK's filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K, and ATK's Annual Report on Form 10-K for the fiscal year ended March 31, 2005.
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