Sign In
Search
Business/Financial

ATK Opens With Flat First Quarter But Earnings Hammer Expectations

Defense Daily Staff Defense Daily Staff
SHARE:

ATK [ATK] yesterday reported an essentially flat first quarter but its earnings came in well above consensus estimates due to contract completions and profit adjustments at the Army’s Radford ammunition plant, which the company had managed until June before turning operations over to a another contractor, and an asset sale. Sales increased less than a percent to $1.1 billion while net income eased down a percent to $71 million, $2.16 earnings per share (EPS), from $72 million ($2.13 EPS) a…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Budget

White House To Deliver FY ‘27 Budget Request To Congress On April 3, OMB Confirms

Advanced / Transformational Technology

AV Expects Upgraded LOCUST X3 Laser To Be ‘Forward Deployed’ In Coming Months

Defense Watch

Defense Watch: GMTI, New SASC Member, CH-47F Award, Big sUAS Order

Air Force

To Help Meet USAF Demand, PBS Aerospace Plans To More Than Double Small Turbojet Engine Capacity

Trending

Army Officially Launches ‘Amazon-Like’ UAS Marketplace
Lockheed Martin Rolls Out Low-Cost Containerized Grizzly Launcher
Defense Watch: Railgun Testing, DOGE Endures, FAMM Engines, Faster FMS
U.S. And Japan Conduct First SPY-7 ASEV Live Tracking Test
Space Force Adds Portfolio Acquisition Executives For Four More Mission Areas

Congress Updates

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume