Sign In
Search
Business/Financial

ATK Posts Weaker Sales And Earnings But Margins Remain Strong

Defense Daily Staff Defense Daily Staff
SHARE:

Facing the same headwinds as other defense companies, Alliant Techsystems [ATK] yesterday reported lower earnings and sales in its first quarter but was able to mitigate the decline in earnings due to improved operating efficiencies. Moreover, as with other defense firms, ATK boosted its earnings guidance for the year, in part driven by a lower than expected share count as the company repurchased $50 million of its stock in the quarter. Net income declined 4 percent to $71.5 million, $2.13…

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

Defense Watch

Defense Watch: Parts Framework, Canadian CCA, PWSA Ideas, Startup Raises

Trending

BAE Systems Completes Preliminary Design Review For Epoch 2 Constellation
Drone Dominance Program Selects 11 Finalists For Potential Orders After First Gauntlet
Trump Says Defense CEOs Agree To Rapidly Quadruple Production Of ‘Exquisite Class’ Weapons
U.S. CENTCOM Confirms First Combat Use Of Lockheed-Built PrSM In Iran Strikes
X-Bow Begins Hot-Firings Of Large Solid Rocket Motor For Hypersonic Applications

Congress Updates

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

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