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ATK Lowers FY ’10 Guidance

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ATK [ATK] yesterday lowered its earnings, sales and free cash flow guidance for the rest of its fiscal year, saying it would take a $38 million pre- tax charge in the fourth quarter due to a decision to discontinue using two trade names associated with previous acquisitions. The charge is related to the Thiokol and Mission Research Corp. acquisitions in 2001 and 2004, respectively, and amounts to 71 cents earnings per share (EPS). ATK now expects to report FY '10…

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