ATK (NYSE: ATK) will organize its operations into three groups beginning in ATK’s 2013 fiscal year, ATK announced Thursday.
ATK will operate an aerospace group, defense group and sporting group.
ATK CEO Mark DeYoung said ATK is streamlining to address ATK’s customers’ federal budget pressures, the state of the economy and the need to be more competitive at home and abroad.
DeYoung twice stressed promoting a more international focus in ATK’s release.
The defense group will contain the engineering, manufacturing and management operations of the company’s current armament systems and missile products groups.
Missile products group Senior Vice President and President Mike Kahn will lead that group out of Baltimore.
ATK said it will continue streamlining its core aerospace businesses to focus short-term on solid rocket propulsion systems, advanced materials, satellite structures and launch structures.
ATK said the aerospace group’s long-term focus will be on next-generation commercial and military aircraft structures and small satellite systems.
Senior Vice President and President of aerospace systems Blake Larson will lead that group out of Utah.
The sporting group will produce ammunition, accessories and equipment for sporting, military, personal security and law enforcement.
Senior Vice President and President of security and sporting Ron Johnson will lead that group out of Anoka, Minn.
“A key focus will be growing ATK’s presence in the sport shooting and law enforcement accessories markets, ” said DeYoung.
