{"id":2986,"date":"2020-11-17T11:42:41","date_gmt":"2020-11-17T10:42:41","guid":{"rendered":"https:\/\/businessfinancenews.com\/?p=2986"},"modified":"2021-12-31T03:00:26","modified_gmt":"2021-12-31T02:00:26","slug":"orbital-atk-inc-signs-5-year-idiq-contract-with-the-us-defense-department","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/28601-orbital-atk-inc-signs-5year-idiq-contract-with-the-us-defense-department\/","title":{"rendered":"Orbital ATK Inc Signs 5-Year IDIQ Contract with the US Defense Department"},"content":{"rendered":"\n

Orbital ATK has been awarded a five-year contract to supply non-standard ammunition to the department of defense. Orbital ATK Inc. (NYSE:OA) announced that the US Department of Defense (DOD) has awarded the company with an Indefinite Delivery Indefinite Quantity (IDIQ) contract. Under the terms, it is required to deliver non-US standard ammunition (NSA) and mortar weapons systems to DOD\u2019s international allies.<\/p>\n\n\n\n\t\t\t

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This is the second time that Orbital ATK received the NSA IDIQ order. Previously, the company had signed a $300 million worth contract for three years, which expired on December 2015. Its technical and professional expertise in this field helped it to attain this second long-term contract, which comes along with a $20 million initial award.<\/p>\n\n\n\n

Orbital ATK’s Small Caliber Systems division of the Defense Systems Group VP and GM Kent Holiday stated during the signing ceremony: \u201cOrbital ATK is pleased to continue providing non-standard ammunition to the United States Army for use in strategic geographic theaters throughout the world. The strength of our team is our worldwide supply chain that provides affordable, high-quality ammunition to our allies.\u201d<\/p>\n\n\n\n

Orbital ATK\u2019s Steps to Involve Future Scientists<\/h2>\n\n\n\n

Besides getting itself engaged in achieving long-term contracts, the company has also affiliated itself with future scientist. In this regard, it participated in a three-day 4th USA Science & Engineering Festival that took place from April 15-17, 2016. In this exhibition, Orbital ATK offered the students to come and communicate with its engineers and scientists at various displays. These employees demonstrated their capabilities in Science, Technology, Engineering and Mathematics (STEM) fields.<\/p>\n\n\n\n

Orbital ATK Chief Technical Officer Antonio Elias stated in this regard: “Fostering student interest and achievement in the areas of science, technology, engineering and mathematics is a part of Orbital ATK\u2019s core values.\u201d He further added: “This Festival is a great opportunity for students, educators and members of the community to interact with our scientists and engineers and learn about what we do at Orbital ATK and the many real-world applications of STEM.”<\/p>\n\n\n\n

The visitors got an opportunity to get a hands-on experience on three displays. These include:<\/p>\n\n\n\n