ATK Takes in $186M in International Contracts to Provide US Allies with Ammunition; Mike Kahn Comments

Kahn_Mike_small
Mike Kahn ATK (NYSE: ATK) will produce ammunition and provide related services to U.S. allies under a series of international defense contracts worth $186 million combined. The company said Wednesday that it will manufacture the ammunition at its U.S. facilities and perform the services on-site at customer facilities. “PartneringA mutually beneficial business to business relationship based on...

Michael Callahan, Aspen Partners CEO, Joins ATK Board; Ron Fogleman Comments

Michael Callahan
Michael Callahan Michael Callahan, president and CEO of outdoor sports consultant Aspen Partners, has been elected to ATK‘s (NYSE: ATK) board of directors and will serve as a member of the audit committee. ATK said Monday that Callahan’s appointment took effect on March 1 and will increase the board’s size from eight to nine. “Mike’s 36 years of leadership in the...

NASA, Contractors Prep for Commercial Space Missions; Jim Crocker Comments

Space Launch System
NASA and industry partners are working to prepare and assess spacecraft and components that are scheduled for deep space missions in 2014 and 2017. The Lockheed Martin (NYSE: LMT)-built Orion unmanned spacecraft is scheduled to launch in the fall and the Space Launch System is set for its first flight in 2017, Aerojet Rocketdyne said Thursday. Jim Crocker, a Lockheed vice president and general manager,...

ATK to Build Radar-Based Munitions For the Air Force; Cary Ralston Comments

ATK
ATK (NYSE: ATK) will build a proximity sensor for the U.S. Air Force under a potential $84 million contract out of a ballistics laboratory owned by the Navy and operated by the company. The company designed the DSU-33D/B Proximity Sensor to detonate at a pre-determined height above surface targets by using a ranging radar designed to sense the height, ATK said Tuesday. DSU-33D/B Proximity Sensors...

ATK to Build Army Small-Caliber Rifle Ammo for $387M; Kent Holiday Comments

ATK
ATK (NYSE: ATK) has been awarded $387 million in orders by the U.S. Army to produce three types of small-caliber rifle ammunition. These orders are part of contracts that cover the next seven years and could extend for up to 10 years, the company said Monday. The company will produce the 5.56-millimeter, 7.62-millimeter and .50-caliber ammunition at the Lake City Army Ammunition Plant in Independence,...

ATK Closes $985M Purchase of Ammo Maker Bushnell; Mark DeYoung Comments

Mark DeYoung
Mark DeYoung ATK (NYSE: ATK) has wrapped up its acquisition of weapon accessory manufacturer Bushnell Group Holdings for $985 million cash. Bushnell will operate under ATK’s sporting arm that is led by Jay Tibbets, senior vice president and group president, ATK said Monday. ATK estimates the sporting group will represent 45 percent of its total revenue and commercial and international sales...

ATK Wins $102M Navy Guided Missile Order; Bill Kasting Comments

ATK
ATK (NYSE: ATK) has won a $102.4 million contract from the U.S. Navy to build guided missiles and training missiles. The contract covers the second batch of Advanced Anti-Radiation Guided Missiles and Captive Air Training Missiles for the Navy, as well as two international governments, the company said Thursday. Italy will acquire the AARGM missiles and Australia will purchase the CATM missiles...

ATK to Convert 120 Anti-Radiation Missiles for $102M

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ATK (NYSE: ATK) has been awarded a $102,426,881 contract to convert 120 anti-radiation missiles into all-up-rounds and captive air training missiles for the U.S. Navy and both Italy and Australia under foreign military sales agreements. The U.S. is acquiring 97 converted missiles, Italy is purchasing 15 and Australia will receive eight weapons under the firm-fixed-price contract for lot two of the...

ATK to Buy Bushnell for $985M Cash; Mark DeYoung Comments

Mark DeYoung
Mark DeYoung ATK (NYSE: ATK) has agreed to buy outdoor sporting goods maker Bushnell Group Holdings for $985 million cash in a move aimed at expanding ATK’s commercial and security ammunition portfolio. ATK expects to close the deal within the last two quarters of its 2014 fiscal year and expects the acquisition to increase its earnings per share in the following two fiscal years, ATK said Thursday. Bushnell...

Report: ATK In Talks to Buy Weapon Accessory Firm Bushnell for $1B

ATK logo
ATK (NYSE: ATK) has entered into negotiations to buy gun accessory manufacturer Bushnell Outdoor Products for approximately $1 billion, Reuters reported Monday. Olivia Oran and Greg Roumeliotis write Bushnell has called in financial services companies Morgan Stanley and Robert W. Baird & Co. to examine a potential sale. Oran and Roumeliotis report Bushnell bought hunting products company Primos...

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