Arlington, Va. – ATK (NYSE: ATK) and NASA have announced an agreement to support near-term core technologies for space logistics, hosted payloads, and space transportation.
The Space Act Agreement (SAA) allows ATK’s Space Systems division and NASA to collaborate on technologies and new product development that meet the needs of the emerging satellite transport and space logistics industry. The SAA is an unfunded partnership through NASA’s Collaborations for Commercial Space Capabilities Office at the agency’s Johnson Space Center in Houston, Texas.
“The SAA agreement allows ATK and NASA to develop solutions that support NASA’s 2014 Strategic Plan to advance commercial space efforts in use of space logistics and space vehicle transport technologies,” said Tom Wilson, vice president and general manager of ATK’s Space Systems division. “By sharing these innovative commercial space capabilities, we will strengthen our existing partnership with NASA and expand the space logistics market for government and commercial missions.”
The agreement defines principal milestones on ATK’s scheduled commercial activities and allows NASA to offer assistance and feedback on key developments. By leveraging NASA expertise, ATK will continue to enhance its innovative in-orbit programs for government and commercial space customers.
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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.
