ATK Closes $315M Purchase of Caliber Company; Mark DeYoung Comments

Mark DeYoung
Mark DeYoung

ATK (NYSE: ATK) has completed its purchase of Caliber Company, the parent firm of hunting rifle and shotgun manufacturer Savage Sports Corp., for $315 million cash.

The Arlington, Va.-based aerospace and defense company financed the deal with cash on hand and funds under an existing credit facility, ATK said Monday.

Mark DeYoung, ATK president and CEO, said the company aims for the acquisition to help grow its global footprint in the commercial and security ammunition market.

Al Kasper, Savage president and chief operating officer, said Savage has designed hunting, competitive and recreational firearms for more than a century.

“We’re proud to continue that legacy under the ATK sporting group umbrella, and we know Savage’s products will be a natural complement to ATK’s existing hunting and shooting sports ammunition and accessories business, ” Kasper added.

Check Also

Leonardo DRS

Leonardo DRS Secures $250M Army Tactical Terminal Replacement Contract

Leonardo DRS has been awarded a five-year, $250M contract to replace the U.S. Army's satellite communications terminals designed for tactical users. The contractor will help the Army replace the terminals that are set for decommissioning in fiscal year 2025, the Department of Defense said Wednesday.

Vicki Schmanske President Leidos Intell Group

Leidos Books Potential $960M CBP Software Dev’t BPA; Vicki Schmanske Quoted

Leidos (NYSE: LDOS) has received a potential five-year, $960M blanket purchase agreement to develop software to support the Customs and Border Protection’s traveler vetting procedures.