This is the company’s final earnings release under the name “ATK” as its aerospace and defense groups are scheduled to complete their merger with Orbital Sciences (NYSE: ORB) and create the future “Orbital ATK.”
ATK also released third quarter financial results for the future company “Vista Outdoor, ” which will be created through a spinoff of ATK’s sporting group in conjunction with the Orbital merger.
Third-quarter revenue for ATK’s aerospace group increased 2.1 percent to $324.63 million over the prior year period and the defense group recorded a 2.4-percent growth in revenue to $466.01 million from the third quarter of fiscal 2014.
Overall revenue for the company increased 3.6 percent to $1.25 billion from the prior year period and represents the highest third-quarter sales total in the company’s history.