ATK, Elbit Systems Jointly to Develop Laser-Guided Advanced Tactical Rocket

Released on Wednesday, July 09, 2008

MINNEAPOLIS, July 9 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ: ESLT) and Alliant Techsystems (NYSE: ATK) announced today that they have signed a teaming agreement to develop the Guided Advanced Tactical Rocket - Laser (GATR-L).

GATR-L provides an affordable precision strike capability for all fixed-wing, rotary-wing, and Unmanned Aerial Systems (UAS) platforms. The 70mm rocket employs a Semi-Active Laser (SAL) guidance package to achieve high accuracy against both stationary and moving targets. In addition, GATR-L provides the ability to lock-on before launch to ensure only the target of interest is engaged. GATR-L is compatible with existing 70mm launcher hardware and utilizes enhanced Insensitive Munitions technologies.

Elbit Systems is a world leader in laser guided weapon solutions, and ATK is a leader in the production of rocket motors, advanced warhead and fuze applications. The two companies are currently conducting ground and airborne-guided tests.