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Press release from PR Newswire

ATK Awarded Study Contract from the U.S. Defense Advanced Research Projects Agency (DARPA)

Monday, April 22, 2013

ATK Awarded Study Contract from the U.S. Defense Advanced Research Projects Agency (DARPA)

09:00 EDT Monday, April 22, 2013

Study to Focus on Innovative Surveillance Technology for Battlefield Imagery
ATK to Highlight Expertise in Cost-effective Small Space System Technologies

ARLINGTON, Va., April 22, 2013 /PRNewswire/ -- ATK (NYSE: ATK) was awarded a contract to support the U.S. Defense Advanced Research Projects Agency (DARPA) in Arlington, Va. for the Space Enabled Effects for Military Engagements (SeeMe) program.

SeeMe seeks to develop enabling technologies to provide reliable surveillance data to the warfighter in the field, using small, low-cost satellites that are launched quickly to support the speed of military operations.

ATK intends to transition advanced, imagery-processing algorithms used on unmanned aerial vehicles (UAVs) to space and take advantage of the resulting higher-power processing to save size, weight and power, as well as cost, on satellites. ATK has partnered with Logos Technologies, Inc. and University of Southern California / Information Sciences Institute on the study contract.

"This award allows ATK to demonstrate our ability to deliver on every aspect of design, development and integration for low-cost, low-risk flight systems," said ATK Space Systems Division Vice President and General Manager Tom Wilson. "We have proven ourselves as an industry leader in developing cost-effective spacecraft systems and tactical intelligence, surveillance and reconnaissance (ISR) programs through the success of the military's TacSat-3 and ORS-1 programs. Our team is prepared to provide similar innovative solutions to DARPA in its mission to provide large global coverage to warfighters at lower cost."

In addition, the development of ATK's new A100 small satellite product line, aimed at serving the microsat market, could provide a unique capability to transition SeeMe technology to industry, research, and military operational markets.

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.

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; 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, 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.

Distribution Statement "A" (Approved for Public Release, Distribution Unlimited)

Media Contact:

Investor Contact:

Vicki Cox

Steve Wold

Phone: 301-902-4372

Phone: 952-351-3056

E-mail: vicki.cox@atk.com  

E-mail: steve.wold@atk.com

 

SOURCE ATK

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