ATK ATK announced that it
received a five-year, Indefinite Delivery, Indefinite Quantity (IDIQ) contract
from the U.S. Army Contracting Command for the production of the MK 437
Multi-Option Fuze, Navy (MOFN). The contract has a maximum total value of
$84.1 million. ATK has received the first order on this contract, for
approximately $13 million. Deliveries are scheduled to begin in November
2013.
The MOFN increases the overall mission capability of 5-inch gun ammunition
used on U.S. Navy ships by providing proximity, precision time, delay and
point detonating impact functions in a single fuze. The inductive fuze
setting feature also optimizes MOFN for use with automated ammunition handling
equipment. MOFN will be used on projectiles fired in the MK 45 Single
Lightweight Gun Mount on U.S. Navy cruisers and destroyers.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in