Alliant Techsystems
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| Type | Public |
|---|---|
| Traded as | NYSE: ATK |
| Industry | Aerospace and Defense |
| Founded | 1990, spun off from Honeywell |
| Headquarters | Minneapolis, Minnesota, U.S. |
| Key people | Mark DeYoung, CEO |
| Products | SLAM, AARGM, M242 Bushmaster, PGK, PEP, and many more |
| Revenue |  US$4.81 Billion (FY 2010)[1] |
| Operating income | US$513 Million (FY 2010)[1] |
| Net income | US$279 Million (FY 2010)[1] |
| Total assets | US$3.87 Billion (FY 2010)[2] |
| Total equity | US$799 Million (FY 2010)[2] |
| Employees | 18,000 |
| Divisions | ATK Aerospace Systems ATK Armament Systems ATK Missile Products ATK Security and Sporting |
| Subsidiaries | Federal Cartridge CCI/Speer Precision Fuze Company |
| Website | www.atk.com |
Alliant Techsystems Inc., most commonly known by its ticker symbol, NYSE: ATK, is one of the largest aerospace and defense companies in the United States with more than 18,000 employees in 22 states, Puerto Rico and internationally, and 2010 revenues in excess of an estimated US$4.8 billion.[3] The company is headquartered in Minneapolis, and announced that it will relocate its headquarters to Arlington, Virginia in October 2011.[4]
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[edit] Background
ATK was formed in 1990 as a subsidiary of Honeywell Inc. as part of Honeywell's plan to exit the defense industry.[citation needed] Under the plan, Honeywell's defense businesses were transferred to ATK which was then spun off to Honeywell stockholders as a separate company.
In 1995 ATK entered the aerospace market with the acquisition of Hercules Inc. Aerospace division. Since then ATK has grown to become a leading supplier of aerospace and defense products to the U.S. government and its allies, and to prime contractors. ATK is also a major supplier of ammunition and related accessories to law enforcement agencies and commercial customers.
ATK was the sole manufacturer of the reusable Solid Rocket Motor used to launch the NASA Space Shuttle. In addition, ATK manufactures the booster separation systems that release the motors away from the Shuttle orbiter and the main liquid fuel tank. Nearly every NASA planetary probe has used some form of propulsion from one of the company's divisions, and ATK also participated in the X-43A project. The company also produces the propulsion system used in the Trident D5 nuclear missile.
Alliant Techsystems, Edina, and Humbert CTTS SAS were awarded an approximately US$14 million contract to provide Speer 9mm GoldDot ammunition to the French Gendarmerie, French Customs, French Corrections and all 250,000 police officers in France.[5] ATK has greatly expanded its workforce during the United States ammunition shortage. "ATK is experiencing unprecedented demand for ammunition," said Amanda Covington, a spokesperson for ATK in 2009. "Our facilities are working 24-7 to meet the demand of all of our customers."[6]
[edit] Acquisitions and mergers
Since 2000 ATK has grown as a result of both internal expansion and a series of acquisitions, including Thiokol propulsion, the ordnance business of Boeing and CCI/Speer, an ammunition manufacturer.[citation needed] In 2003 ATK purchased the General Applied Science Laboratory (GASL).[7][8]
[edit] Major divisions
[edit] ATK Aerospace Systems
- Headquartered in Magna, Utah
In November 2010, ATK was selected by NASA for consideration for potential contract awards for heavy lift launch vehicle system concepts, and propulsion technologies.[9]
[edit] ATK Armament Systems
Currently[when?] the largest ammunition manufacturing entity in the world with operating facilities throughout the US.[10]
- Headquartered in Clearfield, Utah
[edit] ATK Missile Products
- Headquartered in Baltimore, Maryland
[edit] ATK Security and Sporting
- Headquartered in Anoka, Minnesota
[edit] See also
[edit] References
- ^ a b c Alliant Techsystems (ATK) annual SEC income statement filing via Wikinvest
- ^ a b Alliant Techsystems (ATK) annual SEC balance sheet filing via Wikinvest
- ^ http://atk.mediaroom.com/index.php?s=118&item=997 ATK Raises Full-Year EPS Guidance
- ^ ATK Is Moving Headquarters to Virginia for Proximity to Pentagon
- ^ Staff writers (16 June 2009). "Company news: New Business". Minneapolis-St.Paul StarTribune. Archived from the original on 2009-06-16. http://www.webcitation.org/5jHK39QN2. Retrieved 2010-03-08.
- ^ Elaine Williams (2009-12-12). "Business is booming at Lewiston's ATK: Ammo company's workforce grows past 1,000 mark". Lewiston Morning Tribute. Archived from the original on 2009-11-22. http://www.webcitation.org/5lykdF2Qn. Retrieved 2010-03-02.
- ^ Benno Groeneveld (November 24, 2003). "ATK buys hypersonic flight businesses". Minneapolis / St. Paul Business Journal. http://www.bizjournals.com/twincities/stories/2003/11/24/daily2.html. Retrieved August 13, 2011.
- ^ "ATK Acquires Hypersonic Flight Sectors From Allied Aerospace". Defense Daily. December 1, 2003. http://www.defensedaily.com/articles/dt/2003/dt12010308.htm. Retrieved August 13, 2011.
- ^ "NASA Selects Companies for Heavy-Lift Vehicle Studies". NASA. http://www.nasa.gov/home/hqnews/2010/nov/HQ_10-292_Heavy_Lift.html. Retrieved 8 November 2010.
- ^ ATK. "Corporate Overview". http://www.atk.com/CorporateOverview/corpover_businessstructure.asp.
[edit] External links
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