Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Thiokol now Cordant Techologies (CDD) -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (74)	6/19/1998 3:52:00 PM
From: Teddy	Read Replies (3) \| Respond to of 127

Thiokol Propulsion Awarded $10 Million U.S. Army Contract June 19, 1998 ------------------------------------------------------------------------ OGDEN, Utah, -- The U.S. Army has awarded Thiokol Propulsion, a division of Cordant Technologies Inc., a contract worth up to $10 million for the development and processing of energetic materials (explosives, gun propellants and pyrotechnics) over a three-year period. The program was awarded by the Army's Armament Research, Development and Engineering Center (ARDEC) located at the Picatinny Arsenal in New Jersey. One of the goals of the program is to demonstrate the rapid prototyping of new flexible manufacturing processes as part of the Army's Totally-Integrated Manufacturing Enterprise (TIME). Initially, the program will demonstrate proof-of-production for a new insensitive Army explosive developed jointly by Thiokol and ARDEC. A continuous production process will be developed on Thiokol's research-scale twin screw extruder, transferred to a pilot- scale extruder at ARDEC, and ultimately demonstrated on a production-scale extruder at Thiokol in Utah. A real-time data and video linkage between Thiokol and the Army will support this process technology development.