ATK, Lockheed Martin and Northrop Grumman Announce Teaming Agreement to Jointly Pursue Future Multi-Role Weapon Programs
July 16 2008 - 8:00AM
PR Newswire (US)
FARNBOROUGH, England, July 16 /PRNewswire/ -- Alliant Techsystems
(NYSE: ATK), Lockheed Martin (NYSE:LMT) and the Northrop Grumman
Corporation (NYSE: NOC) announced that they have signed a teaming
agreement to jointly pursue the emerging market for advanced
capability multi-role weapons. This team provides any potential
customer in this market with the product options that offer the
best capabilities, schedule, and price available. This is achieved
through the integration of the capabilities that the team provides
across sensors, automatic target recognition, guidance navigation
and control, air vehicles, propulsion, lethality, survivability,
mission planning, platform integration, system engineering, and
program management. As the F-22 Raptor, F-35 Lightning II, unmanned
aerial systems, and future aircraft platforms are fielded over the
next decade, the team believes that an advanced multi-role weapon
requirement will emerge in the future that covers both the
air-to-air and air-to-ground missions. This team, with its current
weapon programs and demonstrated advanced technology capabilities,
is confident that it will offer the customer best value options to
meet this need. ATK is a premier aerospace and defense company with
more than 17,000 employees in 21 states and $4.5 billion in
revenue. News and information can be found on the Internet at
http://www.atk.com/ . Headquartered in Bethesda, Md., Lockheed
Martin employs about 140,000 people worldwide and is principally
engaged in the research, design, development, manufacture,
integration and sustainment of advanced technology systems,
products and services. The Corporation reported 2007 sales of $41.9
billion. Northrop Grumman Corporation is a global defense and
technology company whose 120,000 employees provide innovative
systems, products and solutions in information and services,
electronics, aerospace and shipbuilding to government and
commercial customers worldwide. DATASOURCE: Lockheed Martin
CONTACT: ATK Media Contact: Tom Van Leunen, +1-703-412-3218, ;
Lockheed Martin Media Contact: Heather Kelly, +1-407-356-5351, ;
Northrop Grumman Media Contact: Katie Lamb, +1-410-993-5686, Web
site: http://www.lockheedmartin.com/ http://www.atk.com/
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