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ATK Posts Strong Fourth Quarter On Lower Expenses, Higher Ammo, NASA Sales

By Calvin Biesecker Alliant Techsystems [ATK] yesterday reported a strong end to its fiscal year 2008 led by growth in its civil ammunition, NASA, advanced weapons and composite structures businesses and lower corporate and pension expenses. The lower pension expenses, which are a benefit from the company's decision last year to fully fund its pension plan, combined with improved operating efficiencies in its supply chain, manufacturing operations and contract administration, are behind an increase in projected earnings in fiscal year…

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Congress Updates

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