MINNEAPOLIS, May 10, 2010 /PRNewswire via COMTEX/ -- Alliant Techsystems (NYSE: ATK) announced today that its Eagle Industries, Unlimited subsidiary has received a delivery order from the U.S. Army to produce Modular Lightweight Load-Carrying Equipment (MOLLE II) kits in a new camouflage pattern, that the Army chose specifically for the Afghanistan conflict. Eagle will begin delivery of the MOLLE II equipment kits by the end of August, 2010 to support the U.S.
Army's operational needs in Afghanistan.
In response to the U.S. Army's approved plan to field all U.S. Soldiers deployed in Afghanistan with new equipment and uniforms in MultiCam(R), Eagle Industries immediately began preparing its supply chain and production lines to support the Army's efforts. Eagle Industries has produced MOLLE equipment kits for the Army since 2007 and has produced a wide variety of survivability systems in the MultiCam(R) pattern for military and commercial customers for over four years.
The MultiCam(R) pattern was designed by Crye Precision to increase concealment capability across multiple environments.
"MOLLE kits are a core part of our growing security business," said Ron Johnson, President of ATK's Security and Sporting group. "The Army's decision to outfit all of its Soldiers in Afghanistan with this new camouflage pattern presents a new opportunity for ATK as we build-out our security portfolio, which now includes the recent acquisition of the Blackhawk Products Group." Eagle Industries is a leader in the production of top-quality individual equipment systems for military personnel, law enforcement professionals and first responders. Several highly adaptable, combat proven and durable personal protective systems and components are distributed by Eagle Industries, a wholly owned subsidiary of Alliant Techsystems (NYSE: ATK).
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $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 growth expectations of the security 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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