ATPX - I averaged into a position the last two days, this one looks like the next possible DRS in terms of price increase potential from teens to 30 or better.
Advanced Technical Products, Inc. (ATP) manufactures a variety of products in the following principal business segments: Aerospace and Defense; Commercial Composites; and Other Products. The Aerospace and Defense segment designs, develops and manufactures advanced composite material products. The Commercial Composites segment produces natural gas vehicle (NGV) fuel tanks, products used in the exploration and production of oil and gas and other composite-based commercial products. The Other Products operating segment primarily consists of a manufacturer of electrical power switching products for specialty vehicles including recreational vehicles, motor homes, conversion vans, over-the-road trucks and leisure boats. The Company also manufactures structural core materials through its Alcore business unit.
Aerospace and Defense Segment
One of ATP's principal products is high-performance radomes. A radome is an aerodynamic and environmental cover made of composite materials, which shelters the antenna assembly of a radar set on an airplane, rocket or missile. ATP manufactures composite materials and products for aerospace and defense applications and is a manufacturer of advanced composite aircraft structures. ATP currently fabricates flap panels, winglets and landing gear doors for the C-17. ATP also manufactures a variety of rocket motor cases used in solid propellant propulsion systems that are incorporated into strategic (long-range) and tactical missile systems as well as orbiting commercial satellites and deep-space penetration spacecraft. ATP produces filament wound pressure vessels that are used predominantly in aircraft, launch vehicles and space applications where weight minimization is critical.
ATP's vehicle/missile structure product line includes composite products used for various structural applications such as launch vehicles, space, marine and aircraft applications. Products more recently included in this product line are missile warheads, radar housings, missile structures, aircraft and missile control surfaces and aircraft engine ducts. ATP's tubular product line includes missile launch tubes and torque shafts. The primary products in the launch tube line include the Multiple Launch Rocket System (MLRS) and the launch canister for the submarine based Tomahawk Missile. ATP also supplies 192 parts on the Air Force Air Superiority Fighter, the F-22, and management believes it is the only qualified non-prime supplier of RTM components for the Navy's F/A-18E/F. In addition to serving as a supplier to the manufacturers of military aircraft, ATP provides components for commercial aircraft and engine components, producing over 15,000 jet and turbine engine components annually. ATP also supplies metal bonded products through its Lunn Industries division.
ATP is actively involved in the remote chemical detection sector, which management expects to be a growth market for the next several years, based on the latest U.S. defense budgets. ATP is also actively involved in the development and production of collective protection systems. With the need for lighter weight vehicles in the medium sized brigade that the U.S. Army has announced it is seeking to better equip, ATP also has developed the Chemical Agent Filter Unit (CAFU), which has been geared to meet the needs of this new Army initiative. ATP designs, develops and produces mobile military shelters and has developed leading design and automated production capabilities for honeycomb as well as foam and beam sandwich panel construction relocatable shelters. ATP currently produces the Light Medium Tactical Vehicle (LMTV) shop van for Stewart & Stevenson.
ATP recently broadened its product line with production of the unique Chemical Biological Protection System Shelter (CBPSS), initial award of Type III & IV Cargo Bed Covers (CBC), and introduction of the patented Height Reducible Electronic Enclosure (HREE). ATP also provides shelters to Motorola under long-term agreements. ATP has been the sole manufacturer of the Volcano launcher system. Customers for this system include the U.S. Army and other defense prime contractors. ATP is also a producer of tactical deception products for the U.S. Armed Forces and other military customers and has delivered approximately one million modules of U.S. military Lightweight Camouflage Screen Systems (LCSS). In 2000, the Company continued production of LCSS for the U.S. Army Communications Electronics Command. With new opportunities identified, the production of LCSS could continue through mid-year 2001 and beyond. |
