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ATK Looking To Buy Into New Market

DDN

Friday, October 19th, 2007

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By Calvin Biesecker Hoping to build off its current technical capabilities, Alliant Techsystems [ATK] is looking at potential acquisition candidates that could cost it upward of $2.5 billion to expand its business into a new market channel, such as commercial aerospace, an international presence in satellite or space programs, or even alternative energy, the company's top executive told reporters yesterday. Any acquisition target above $500 million would likely be enough to open a "fourth lane" of business for ATK, Dan…

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