Article Posted on : - Nov 04, 2010

MINNEAPOLIS (BNS): ATK has received 5.56 caliber duty and training ammunition contract from Federal Bureau of Investigation (FBI) on Wednesday.

The company has received five year Indefinite Delivery/Indefinite Quantity (IDIQ) agreement with a maximum value of $95 million.

ATK will produce the mission-specific ammunition at its facility in Anoka, Minnesota.

"This contract is the result of a focused effort to expand our business in an important strategic market. Our core ammunition technology provides the ideal platform for meeting this important customer need," Ron Johnson, President of ATK's Security and Sporting group said.

The company will begin the delivery of ammunition by the end of 2010.