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Alliant Techsystems Inc.
Type Public company
Traded as New York Stock Exchange (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 Increase US$4.84 Billion (FY 2011)[1]
Operating income Increase US$526 Million (FY 2011)[1]
Net income Increase US$313 Million (FY 2011)[1]
Total assets Increase US$4.44 Billion (FY 2011)[2]
Total equity Increase 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., commonly abbreviated ATK, is an aerospace, defense, and commercial products company with its headquarters in Arlington, Virginia, in the United States. The company operates in 21 states, Puerto Rico, and internationally, and had fiscal year 2013 revenues of approx US$4.4 billion. The company was previously headquartered in Minneapolis, Minnesota.

HistoryEdit

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 become a supplier of aerospace and defense products to the U.S. government and its allies, and to their contractors. ATK is also a supplier of ammunition and related accessories to law enforcement agencies and commercial customers.

In 2001, ATK acquired Thiokol, renaming it to ATK Launch Systems in 2006 (though it's still known within the industry by its original name).[citation needed] Thiokol was the sole manufacturer of the reusable Solid Rocket Motor used to launch the NASA Space Shuttle, which will be adapted to the Space Launch System. It also produces other solid-fuel propulsion systems, including the Star 48 upper stage. 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 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.[4] ATK expanded its workforce during the United States ammunition shortage.[5]

Acquisitions and mergersEdit

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, and Federal Ammunition.[citation needed] In 2003 ATK purchased the General Applied Science Laboratory (GASL).[6][7]

Major government contractsEdit

On March 12, 2012, ATK announced that it was awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) agreement from the United States Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) for .40 caliber ammunition. This contract has a base of 12 months, includes four option years, and will have a maximum volume of 450 million rounds of hollow point bullets.[8][9]

Business unitsEdit

ATK AerospaceEdit

In November 2010, ATK was selected by NASA for consideration for potential contract awards for heavy lift launch vehicle system concepts, and propulsion technologies.[11]

As of May 2014, ATK had proposed a new launch vehicle to NASA in the third round of the Commercial Crew Development (CCiCap) program, and proposed to launch the Liberty rocket – a commercial rocket and spacecraft designed to carry astronauts – on its first manned mission in 2015.[12] Liberty was not selected when the proposal awards were announced in August 2012.[13]

ATK DefenseEdit

As of October 2014 ATK Defense comprises five business divisions.[14]

  • ATK Armament Systems
    • As of October 2014 ATK Armament Systems is a producer of medium caliber gun systems and ammunition, and the developer of the XM25, Individual Semi-Automatic Airburst System.[15]
    • Headquartered in Clearfield, Utah
  • ATK Defense Electronic Systems
  • ATK Energetic Systems
  • ATK Missile Products
    • Headquartered in Baltimore, Maryland
  • ATK Small Caliber Systems

ATK SportingEdit

  • Headquartered in Anoka, Minnesota

See alsoEdit

ReferencesEdit

  1. 1.0 1.1 1.2 Alliant Techsystems (ATK) annual SEC income statement filing via Wikinvest
  2. 2.0 2.1 Alliant Techsystems (ATK) annual SEC balance sheet filing via Wikinvest
  3. Company Information. Atk.com (2012-03-31). Retrieved on 2012-07-16.
  4. 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. 
  5. Williams, Elaine (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. 
  6. 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. 
  7. "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. 
  8. "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. 
  9. "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. 
  10. "ATK Corporate Overview Websites". ATK Corporate. 2012-10-26. http://www.atk.com/corporateoverview/corpover_spacegroup.asp. 
  11. "NASA Selects Companies for Heavy-Lift Vehicle Studies". NASA. Archived from the original on November 8, 2010. http://web.archive.org/web/20101108235904/http://www.nasa.gov/home/hqnews/2010/nov/HQ_10-292_Heavy_Lift.html. Retrieved November 8, 2010. 
  12. Jonathan Amos (2012-05-10). "Liberty Rocket". BBC News. http://www.bbc.co.uk/news/science-environment-18017216. 
  13. "NASA Announces Next Steps in Effort to Launch Americans from U.S. Soil". NASA. August 3, 2012. http://www.nasa.gov/centers/kennedy/news/releases/2012/release-20120803.html. Retrieved August 3, 2012. 
  14. "ATK Defense". ATK. http://www.atk.com/CorporateOverview/corpover_missiongroup.asp. 
  15. ATK. "Corporate Overview". http://www.atk.com/CorporateOverview/corpover_businessstructure.asp. 

External linksEdit

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