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ATK Reports Strong FY’09 Second Quarter Earnings

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By Ann Roosevelt ATK [ATK] yesterday reported strong second quarter fiscal year 2009 earnings, driven by a 27 percent rise in net income for the quarter to $65 million. The company also had sales for the quarter of $1.1 billion, a six percent increase over the prior year and improved margins across the business at 11 percent, up from the previous year's quarterly performance of 10.2 percent. The margin improvement benefited from strong program execution across all businesses and reduced…

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