We successfully completed transition of operations at the Radford Army Ammunition Plant, and we supported the Army in every aspect of that transition, including delivering increased quantities of product to our customers in the last quarter. As we completed our production contracts during the transition, the group achieved higher sales, improved efficiencies and as a result, higher profit rates. As a side note, our New River Energetics business, that manufactures both gunpowder and medium-caliber ammunition, will continue to operate at the Radford facility.We recently completed the transition of the Army's enhanced performance round or the M855A1 to modernize high-speed production lines, improving our ability to meet volume demands and reducing the cost of this new round. In terms of the Lake City competition, we still expect the Army will make an award this fall.
Alliant Techsystems Management Discusses Q1 2013 Results - Earnings Call Transcript
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