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Alliant Techsystems' CEO Discusses Q4 2012 Results - Earnings Call Transcript

In terms of what we're seeing with NASA budget, there's continued bipartisan support for the President's Budget. And we believe that fiscal year '13 legislation will result in sustained support for the projections we've made regarding our NASA programs.

I'd like to highlight what's happening in each group and then talk briefly about fiscal year '13. In Aerospace Systems, our 5-segment booster will be used for initial space launch system missions beginning in 2017, with the first full-scale ground test in the spring of 2013. This transition by NASA to a heavy-lift vehicle provides a sustainable base for our large rocket motor production programs.

The group continues to deliver solid performance on Airbus A350 program. We're at the beginning of a multiyear ramp up to full-scale production of the composite stringers and frames for that aircraft.

Multiple opportunities in our satellite business continue to present themselves. We recently won a major satellite systems award that lent stability to our core capability in satellites.

In Armament Systems, they maintained solid production record this year, that the group delivered more than 250 million rounds of the new 5.56 Enhanced Performance Round or the M855A1 round. We submitted a strong proposal for continued operation and maintenance of the Lake City facility. We'll expect to hear award results later this fall.

The XM25 program continues to demonstrate game-changing capability during operational use in theater. The program is progressing to Milestone C, with a critical design review scheduled this summer. And our major precision programs continue to have the support of our Army customer, and we're confident our innovative solutions will support the mission-critical needs of the warfighter.

In Missile Products, the U.S. Navy completed its operational testing and evaluation of the Advanced Anti-Radiation Guided Missile, or AARGM. We look forward to hearing from the Navy on their overall assessment of the missile and its readiness for the next production milestone.

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