ATK, LOCKHEED MARTIN AND NORTHROP GRUMMAN ANNOUNCE TEAMING AGREEMENT TO JOINTLY PURSUE FUTURE MULTI-ROLE WEAPON PROGRAMS
Farnborough, July 16th, 2008 -- 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 www.atk.com.
Headquartered inBethesda, 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.