Alliant Techsystems
 |
|
| Type | Public company |
|---|---|
| Traded as | NYSE: ATK |
| Industry | Aerospace and Defense |
| Founded | 1990, spun off from Honeywell |
| Headquarters | Arlington, Virginia, U.S. |
| Key people | Mark DeYoung, CEO |
| Products | SLAM, AARGM, M242 Bushmaster, PGK, PEP, and many more |
| Revenue |
 US$4.84 Billion (FY 2011)[1]
|
| Operating income |
US$526 Million (FY 2011)[1]
|
| Net income |
US$313 Million (FY 2011)[1]
|
| Total assets |
US$4.44 Billion (FY 2011)[2]
|
| Total equity |
US$1.16 Billion (FY 2011)[2]
|
| Employees | 17,000[3] |
| 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.[4] The company was previously headquartered in Minneapolis, and announced that it would relocate its headquarters to Arlington, Virginia in October 2011.[5]
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.[6] 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."[7]
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).[8][9]
Major Government Contracts
On March 12, 2012 ATK announced that it was awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) agreement from the Department of Homeland Security, U.S. Immigration and Customs Enforcement (DHS, ICE) for .40 caliber ammunition. This contract features a base of 12 months, includes four option years, and will have a maximum volume of 450 million rounds of hollow point bullets. [10][11]
Major divisions
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.[12]
ATK aims to launch Liberty (rocket) - a commercial rocket and spacecraft designed to carry astronauts, on its first manned mission in 2015.[13]
ATK Armament Systems
Currently[when?] the largest ammunition manufacturing entity in the world with operating facilities throughout the US.[14]
- Headquartered in Clearfield, Utah
ATK Missile Products
- Headquartered in Baltimore, Maryland
ATK Security and Sporting
- Headquartered in Anoka, Minnesota
See also
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
- ^ Company Information
- ^ 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 (June 16, 2009). "Company news: New Business". Minneapolis-St.Paul StarTribune. Archived from the original on June 16, 2009. http://www.webcitation.org/5jHK39QN2. Retrieved March 8, 2010.
- ^ Elaine Williams (December 12, 2009). "Business is booming at Lewiston's ATK: Ammo company's workforce grows past 1,000 mark". Lewiston Morning Tribute. Archived from the original on November 22, 2009. http://www.webcitation.org/5lykdF2Qn. Retrieved March 2, 2010.
- ^ 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.
- ^ "ATK Wins Five-Year, Indefinite Delivery/Indefinite Quantity Contract for 450 Million Round Potential Of .40 Caliber Ammunition from DHS, ICE". March 12, 2012. http://www.marketwatch.com/story/atk-secures-40-caliber-ammunition-contract-with-department-of-homeland-security-us-immigration-and-customs-enforcement-dhs-ice-2012-03-12. Retrieved May 7, 2012.
- ^ "ATK Secures 450 Million Unit .40 Caliber Ammunition Contract with Department of Homeland Security, U.S. Immigration and Customs Enforcement (DHS, ICE)". March 12, 2012. http://atk.mediaroom.com/index.php?s=25280&item=124123. Retrieved May 7, 2012.
- ^ "NASA Selects Companies for Heavy-Lift Vehicle Studies". NASA. http://www.nasa.gov/home/hqnews/2010/nov/HQ_10-292_Heavy_Lift.html. Retrieved November 8, 2010.
- ^ "Liberty Rocket". http://www.bbc.co.uk/news/science-environment-18017216. Retrieved 2012-05-20.
- ^ ATK. "Corporate Overview". http://www.atk.com/CorporateOverview/corpover_businessstructure.asp.
External links
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