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ATK - Modernization Project Funding for the Lake City Army Ammunition Plant

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: 26 January, 2009  (Company News)
ATK Receives Additional $49 Million in Modernization Project Funding for the Lake City Army Ammunition Plant
Alliant Techsystems has received an additional $49 million from the U.S. Army Sustainment Command in Rock Island, Ill. for critical modernization projects at the Lake City Army Ammunition Plant (LCAAP) in Independence, Mo.

An operator of the LCAAP since 2000, ATK has successfully partnered with the U.S. military to modernize the facility and expand the manufacturing capacity and capabilities of the plant. ATK is the largest supplier of Ammunition to the United States military, producing a mix of 5.56mm, 7.62mm, .50-caliber, and 20mm cartridges. The company remains on track to deliver 1.4 billion rounds of Ammunition in FY09.

'Our proven capability in facility management and our commitment to Lean/Six Sigma disciplines provide innovative and cost-effective solutions to the Army as we modernize Lake City,' said Mark DeYoung, president, ATK Armament Systems. 'This facility was built in 1941. The Army's commitment to ensure the long-term viability of the plant and partner with ATK has resulted in improved Ammunition quality and enhanced operational safety.'
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