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Defense Markets Summary
January 2008 (past reports)

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ATK, ADG (Mecar) team to Modernize Stocks of Aging Tank Ammo

Alliant Techsystems (NYSE: ATK) and Allied Defense Group, Inc. (AMEX:ADG are teaming to modernize tank ammunition introducing Insensitive Munition (IM) based propellants and explosives. The team will initially focus on propellant replacement for aging tank rounds, produced in the 1980s, as they reach their 20 year shelf life limit. The introduction of IM has been mandatory in Europe, and will improve safety of ammunition in storage and during transportation, improve the mobility of supplies, both on land and at sea, and improve safety and survivability of armored vehicles carrying the ammunition.



 


 

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