| Entity Formed to Demonstrate Orbital ATK’s Long Term Commitment to the Kingdom of Saudi Arabia
DULLES, Va. - Thursday, November 12th 2015 [ME NewsWire]
(BUSINESS WIRE)-- Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense technologies, announced today the establishment of a jointly-owned subsidiary in Riyadh, Saudi Arabia, to support the company’s growing regional presence. The primary focus will be to strengthen Orbital ATK’s existing alliances in the country and collaborate with the Kingdom of Saudi Arabia to help it realize its self-sufficiency objectives in national security, defense and training.
Orbital ATK plans to work in partnership with local Saudi industry to develop indigenous capabilities to preserve peace and maintain stability.
“Orbital ATK has been serving the needs of Saudi Arabia for many years,” said Mike Kahn, President, Orbital ATK Defense Systems Group. “This new Saudi company reflects our long-term commitment to the Kingdom of Saudi Arabia, a strong ally of the United States.”
“We want to create a culture of excellence; a commitment to the highest standards in every aspect of the way we do business,” said Salman Al Malik, CEO of the new company, Alliant Techsystems Operations LTD.
“Saudi Arabia is strategically important to Orbital ATK,” said Amer Kayani, Chairman of the Board of Managers of the new Saudi company. “Our team in the Kingdom is committed to working with the Saudi Government and other local partners to develop business opportunities that sustain long-term jobs for Saudi nationals in the defense and security sectors.”
Orbital ATK’s Defense Systems Group is an industry leader in providing innovative and affordable precision and strike weapons, advanced propulsion and hypersonics, missile components across air-, sea- and land-based systems, ammunition and related energetic products.
About Orbital ATK
Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK employs more than 12,000 people in 18 states across the U.S. and in several international locations. For more information, visit www.orbitalatk.com.
Contacts
Media:
Orbital ATK
Bryan Kidder, 410-864-4932
Defense Systems Group Communications
bryan.kidder@orbitalatk.com
or
Investor:
Orbital ATK
Barron Beneski, 703-406-5528
Public and Investor Relations
barron.beneski@orbitalatk.com
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