Alliant Techsystems
 | |
| Company type | Public (NYSE: ATK) |
|---|---|
| Industry | Aerospace and Defense |
| Founded | 1990, spun off from Honeywell |
| Headquarters | Minneapolis, Minnesota, US |
Key people | Mark DeYoung, CEO |
| Products | SLAM, AARGM, M242 Bushmaster, PGK, PEP, and many more |
| Revenue | US $4.6 Bil. (2009),  10% from 2008 |
Number of employees | 18,000 |
| Divisions | ATK Armament Systems ATK Mission Systems ATK Space Systems |
| Subsidiaries | Federal Cartridge, CCI/Speer, Precision Fuze Company |
| Website | www.atk.com |
Alliant Techsystems Inc., most commonly known by its NYSE: ATK ticker symbol, 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 revenues in excess of $4.8 billion (2010 est)[1]. The company headquarters is located in Minneapolis, Minnesota.
Background
ATK was formed in 1990 as a subsidiary of Honeywell Inc.. Honeywell was in the process of exiting the defense industry, and formed ATK as a vehicle to transfer substantially all of the assets and liabilities of those businesses, under a plan to spin off ATK 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 is 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 the 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.
On June 14, 2009 the Minneapolis St. Paul Star Tribune reported that Alliant Techsystems, Edina, and Humbert CTTS SAS were awarded an approximately US$14mil contract to provide Speer9mm GoldDot ammunition to the French Gendarmerie, French Customs, French Corrections and all 250,000 police officers in France. [2]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."[3]
Acquisitions and Mergers
Since 2000 ATK has grown significantly as a result of both internal expansion and a series of acquisitions, including Thiokol propulsion, the ordnance business of The Boeing Company and CCI/Speer, an ammunition manufacturer.
Major Divisions
ATK Armament Systems
Currently the largest ammunition manufacturing entity in the world with operating facilities throughout the US.[4]
- Headquarters in Clearfield, Utah
ATK Missions Systems
- Headquarters in Baltimore, Maryland
ATK Space Systems
Currently world's top producer of solid rocket propulsion systems.[citation needed]
- Headquarters in Magna, Utah
See also
References
- ^ http://atk.mediaroom.com/index.php?s=118&item=997 ATK Raises Full-Year EPS Guidance
- ^ Minneapolis-St.Paul StarTribune. 2009-06-16. Retrieved from <http://www.startribune.com/business/48193407.html?elr=KArks:DCiU1OiP:DiiUiD3aPc:_Yyc:aUU> on 2009-08-24. (Archived by WebCite at <http://www.webcitation.org/5jHK39QN2>)
- ^ Williams, Elaine. "Business is booming at Lewiston\'s ATK: Ammo company\'s workforce grows past 1,000 mark." Lewiston (Idaho, USA) Morning Tribute. 2009-11-22. <http://dailyme.com/story/2009112200003885/business-booming-lewistons-atk-ammo-companys.html> on 2009-12-12. (Archived by WebCite at <http://www.webcitation.org/5lykdF2Qn>)
- ^ ATK. "Corporate Overview".
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