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Ahead Of Orbital Merger, ATK’s Aerospace And Defense Businesses Solid In Third Quarter

Ahead Of Orbital Merger, ATK’s Aerospace And Defense Businesses Solid In Third Quarter
ATK President and CEO Mark DeYoung. Photo: ATK

In its final earnings report before the merger of its aerospace and defense groups with Orbital Sciences Corp. [ORB] next month, ATK [ATK] on Wednesday posted mixed results with its commercial sporting business, which will be spun of into a separate company, weighing on earnings and sales while its government businesses were solid.Net income in the company’s third quarter tumbled 43 percent to $46 million, $1.43 earnings per share (EPS), from $80 million ($2.46 EPS) a year ago, due largely…

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