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Press release from PR Newswire

ATK's Eagle Industries Awarded $24.9 Million Contract from U.S. Marine Corps for Second Order of New USMC Pack

Thursday, November 10, 2011

ATK's Eagle Industries Awarded $24.9 Million Contract from U.S. Marine Corps for Second Order of New USMC Pack09:33 EST Thursday, November 10, 2011Eagle Industries Receives Follow-On Delivery Order for U.S. Marine Corps' New Standard-Issue PackMINNEAPOLIS, Nov. 10, 2011 /PRNewswire/ -- ATK (NYSE: ATK) announced today that its Eagle Industries business has received an additional $24.9 million contract from Marine Corps Systems Command to produce the U.S. Marine Corps' new standard-issue pack. The news of this follow-on delivery order comes only two weeks after the initial contract was announced. Work for the second order will be performed in Eagle Industries' two Puerto Rico manufacturing plants and is expected to be complete January 31, 2013. The two contracts together are valued at $75 million.  "The new USMC pack system provides Marines with a simple and effective load-carriage system that can easily be customized to support their mission, with or without body armor," said ATK Security and Sporting group President Ron Johnson. "We are honored to have been selected as a key supplier of this mission-critical product and proud of our role in supporting the Marines."The new load bearing equipment system is designed to allow Marines to carry equipment needed in support of combat operations. The U.S. Marine Corps' new pack increases the overall combat effectiveness of the user by maximizing the ability to carry combat loads more efficiently, minimizing the burdens of weight and improving overall system compatibility. ATK is a premier aerospace and defense company with operations in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at 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, budgetary policies and product sourcing strategies; 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 its subsequent quarterly report on Form 10-Q and current reports on Form 8-K filed with the SEC.Media Contact:Investor Contact:Jason NashSteve WoldPhone:  800-322-2342 (ext. 3878)Phone:  952-351-3056E-mail:  pressroom@atk.comE-mail:  steve.wold@atk.comSOURCE ATK