Alliant Techsystems (ATK) said Monday that it received an additional $415.6 million in military small-caliber ammunition orders and modernization funding for the Lake City Army Ammunition plant, from U.S. Army Sustainment Command, Rock Island.The modernization will ensure continued improvement and reliability of the lake city army ammunition plant. Working in partnership with the Army, ATK has expanded the manufacturing capacity at the facility to 1.6 billion rounds and has continued to modernize the WWII-era plant.ATK delivered 1.4 billion rounds of military small caliber ammunition in fiscal year 2008, and expects to deliver roughly the same amount in fiscal 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.