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Sig Sauer, Inc. Secures A $306 Million Pistol Contract By The U. S. Army’s Material Command

SIG SAUER

EXETER, NH - -(AmmoLand.com)- SIG SAUER, Inc. announced today that it has secured a multi-year contract to provide pistols to the U.S. Army’s Material Command. The potential value for all quantities and the related customer support package is $306 million.

“The gun that is to be supplied in the contract is the SIG SAUER SP2022 in 9mm.” said Bud Fini VP of Marketing Sig Sauer.

The initial order of 55,890 units is to be released as the standard sidearm for the entire Colombian National Police force. Shipments are to begin immediately with a second release of 42,000 pistols to follow.

Ron Cohen, President and CEO, stated that he is proud that SIG SAUER’s long standing reputation for superior reliability and quality has been recognized with this exceptional contract. Moreover, it provides an opportunity for SIG SAUER to continue to expand its manufacturing facilities and create U.S. jobs at a time when other companies are downsizing and exporting jobs overseas. Mr. Cohen further stated that the breadth of SIG customers is evidence of the worldwide acceptance and demand for SIG SAUER products.

These customers include numerous elite law enforcement, military, and government agencies (e.g. the U.S. Department of Homeland Security, U.S. Secret Service, Navy Criminal Investigation Service (NCIS), U.S. Navy SEALs, U.S. Air Force OSI, British SAS, French National Police, and the Colombian National Police).

Employing over 350 skilled workers at its Exeter, NH facility, the company has been on a continuous program of expansion and growth. State-of-the-art automated machines now populate the majority of the facility, the result of over $30 million dollars invested over the past four years.

About SIG SAUER, Inc.
SIG SAUER, Inc. is the largest member of a worldwide business group of firearms manufacturers that includes J.P. Sauer & Sohn and Blaser GmbH in Germany and Swiss Arms AG in Switzerland. This global network of companies gives SIG SAUER a world-class firearms knowledge base, unparalleled design expertise, and extensive manufacturing capacity, enabling the company to respond quickly and effectively to changing market conditions and the needs of its military, law enforcement, and commercial markets worldwide. SIG SAUER is an ISO 9001: 2000 certified company with over 350 employees. For more information on SIG SAUER or any of its products, or the SIG SAUER Academy, log on to www.sigsauer.com.

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ATK to Record a Non-Cash Goodwill Impairment Charge in 4th Quarter of Fiscal Year 2009 in a Range of $105 – $115 Million
FY09 EPS From Continuing Operations Before the Charge Now Expected to Exceed Previous Guidance.

ATK

MINNEAPOLIS, – -(AmmoLand.com)- Alliant Techsystems announced today that it expects to record a $105 – $115 million ($3.08 – $3.38 per share), non-cash, non-deductible goodwill impairment charge in the fourth quarter of Fiscal Year 2009, as required by Statement of Financial Accounting Standards (SFAS) 142 “Goodwill and Other Intangible Assets.” The estimated impairment charge is primarily due to the adverse equity market environment, which has resulted in a decline of the company’s common stock and subsequent implied decline in the valuations of its Spacecraft Systems division. The charge is primarily attributable to goodwill recorded in connection with certain acquisitions made from 2003 – 2007. The company is in the process of finalizing the actual amount of the impairment charge, which will be completed prior to reporting its fourth quarter and full-year 2009 financial results on May 7, 2009.

Earnings per share (EPS) from continuing operations, prior to the charge, are now expected to exceed the company’s previous guidance of $7.40 – $7.50.

Under SFAS 142, the company is required to annually assess its goodwill and other intangible assets. In its most recent assessment, conducted using a measurement date of December 29, 2008, ATK determined that an impairment of goodwill within the Spacecraft Systems business may have occurred. While results of an independent analysis have yet to be finalized, ATK believes there is sufficient evidence to conclude that an impairment charge did occur.

ATK is a premier aerospace and defense company with more than 19,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.5 billion. News and information can be found on the Internet at www.atk.com.

Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending, budgetary policies and product sourcing strategies; the company’s competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK’s most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.

About:
ATK is a premier aerospace and defense company with more than 19,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.5 billion. News and information can be found on the Internet at www.atk.com.

SOURCE: ATK

Web site: www.atk.com

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