MINNEAPOLIS, Aug. 27 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) and Rheinmetall Nitrochemie of Germany/Switzerland have signed a new strategic agreement for the transfer of advanced propellant technologies from Nitrochemie to ATK. The technology transfer positions ATK as the exclusive North American provider of Extruded Impregnated (EI), Extruded Composite Low-sensitivity (ECL), Surface Coated Double Base (SCDB), and R-Type propellants. The advanced propellants enhance performance over a wide range of temperatures; provide superior Insensitive Munitions properties that improve safety and survivability; and extend shelf life and aging stability in all types of small, medium, and large caliber ammunition.
ATK is the proud operator of the Radford Army Ammunition Plant (RFAAP) in Radford, Va., where it is the largest developer and producer of advanced propellants and energetics. This agreement provides an opportunity to enhance ATK's capabilities at RFAAP by creating a new surface coating and impregnating capability. A facility designed to manufacture these propellants would be operated by Rheinmetall Nitrochemie in cooperation with ATK.
The agreement is a follow-on agreement to one signed between ATK and Rheinmetall Nitrochemie in August 2005. Under the original agreement, ATK has successfully marketed Rheinmetall Nitrochemie advanced propellants in North America and has secured several research and development contracts from the U.S. Department of Defense and other commercial customers.
Rheinmetall Nitrochemie is a recognized leader in developing and producing high performance gun propellants and combustible cartridge cases with facilities at Aschau, Germany and Wimmis, Switzerland. By teaming with ATK in North America, Rheinmetall Nitrochemie is expanding its global presence and bringing new technologies to world markets.
Rheinmetall Defence Nitrochemie business Division is a leading European supplier of technology for armed forces in many countries worldwide. Rheinmetall Defence generates annual sales of euro 1.9 billion with more than 9,000 employees worldwide, having production facilities in Europe, North America, South Africa and Asia. Find more information under
ATK's portfolio of products includes propellants for tank, artillery, mortar, medium caliber ammunition, rocket motors, and energetics.
ATK is a premier aerospace and defense company with more than 18,000 employees 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: assumptions related to the North American energetic market; 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.
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