Continuing to talk about the gun industry, and more specifically the ammunition component of it, Orbital ATK announced a big order today.
Orbital ATK, Inc. (OA) (NYSE (NYX): OA), a global leader in aerospace and defense technologies, announced today that it has received orders totaling $210 million to produce small caliber ammunition for the U.S. Army. Orders were placed for .50 caliber, 5.56mm and 7.62mm ammunition under Orbital ATK’s supply contract to produce a variety of small caliber ammunition for the U.S. government at the Lake City Army Ammunition Plant (Lake City) in Independence, Missouri.Orbital ATK was formed from the merger of ATK and Orbital Sciences in February 2015. At the same time, the consumer firearms, consumer ammunition, and sporting businesses were spun off into Vista Outdoors.
The Orbital ATK Annual Meeting will be held tomorrow. They have released this presentation which goes over what will be presented at the Annual Meeting.