ATK Wins $58M Australia Artillery Personal Guidance Order

ATK logo_EbizAn ATK division has been selected to provide precision guidance systems for artillery rounds under a foreign military sales contract with Australia worth $57.8 million, the Motley Fool reported Saturday.

Rich Smith writes the Army Contracting Command in Picatinny Arsenal awarded the non-multi-year transaction to ATK’s advanced weapons division on Friday.

The low rate initial production units of the XM1156 kits will be initially delivered to a ballistics laboratory in Virginia and later transported to Australia.

XM1156 rounds are designed to provide M777A2 artillery rounds with global positioning system capabilities as “smart munitions” that can accurately hit targets within a 50-meter distance, according to the report.

The Motley Fool notes ATK has received orders of 2,400 XM1156 kits for the U.S. Army and another 700 for the Marine Corps as of April.

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