:

Business/Financial

ATK Posts Higher Income, Sales In Second Quarter

By Cal Biesecker

Thursday, October 30th, 2014

SHARE:

ATK Posts Higher Income, Sales In Second Quarter

Long-range hunting rifle scope. Part of ATK's Sporting portfolio through its Bushnell acquisition a year ago that contributed $145 million in sales in the second quarter. Photo: ATK

ATK [ATK] on Thursday reported higher net profit and sales in its second quarter driven by an acquisition in the company’s business that provides bullets, guns and related accessories in the sporting market. Net income edged up 2 percent to $95 million, $2.97 earnings per share (EPS), from $93 million ($2.86 EPS) a year ago, beating consensus estimates by three cents. The per share results were a quarterly record for ATK. Sales increased 11 percent to $1.3 billion from $1.1…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]