Sign In
Search
Business/Financial

ATK’s Earnings Fall But Still Beat Expectations; Lifts Dividend And Guidance

Defense Daily Staff Defense Daily Staff
SHARE:

ATK [ATK] yesterday posted a steep drop in second quarter earnings due to lower sales and higher pension expenses, although the results still crushed analysts’ expectations due to strong operating performance, which combined with recent key contract wins that led the company to boost its financial guidance for its fiscal year. The increased confidence and strong cash flow led ATK to increase its quarterly dividend by 30 percent to 26 cents per share. Sales in the quarter fell 4 percent…

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

Army

Army Meets With Industry To Discuss Modernizing 12-24 UH-60M Black Hawks Annually

Space

DoD Wants Space-Based Commercial Imagery Solutions For Domain Awareness In GEO

Defense Watch

Defense Watch: F-47 Engine, Army News, Leidos Realigns, New SRM Facility

Navy/USMC

Navy To Test Unmanned Tailored Force Pairings With Roosevelt Strike Group; Small USV With LCS

Trending

Spagnoletti Named New CEO Of Ursa Major As Jablonsky Departs
Anduril Gets $44 Million In DPA Funding To Expand Rocket Motor Production
Leidos Negotiating Co-Investment Deals With DoD For Key Programs
Venom Prototype Flew 71 Days After Design Start, Mach Industries and Divergent Technologies Say
Defense Watch: F/A-XX Update, Help Needed, ChatGPT, Drone JV

Contract Updates

R&M Government Services (Las Cruces, New Mexico) – $23,894,784

R&M Government Services,* Las Cruces, New Mexico, has been awarded a maximum $23,894,784 firm-fixed-price, indefinite-quantity contract for battery compartments. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in the Federal Acquisition Regulation 6.302-1. This…

L3Harris Technologies Inc. (Clifton, New Jersey) – $9,571,947

L3Harris Technologies Inc., Clifton, New Jersey, is being awarded $9,571,947 for a firm-fixed-price contract for the procurement of 74 radio frequency amplifiers in support of Navy F/A-18E/F/G aircraft. The contract does not include an option provision. All work will be…

Sikorsky Aircraft Corp. a Lockheed Martin Co. (Stratford, Connecticut) – $21,600,000

Sikorsky Aircraft Corp., a Lockheed Martin Co., Stratford, Connecticut, is awarded a not-to-exceed $21,600,000 cost reimbursable undefinitized order (N0001926F1016) against a previously issued basic ordering agreement (N0001923G0002). This order provides for instantaneous access to 105% Transient Engine Torque test and…

Amentum Mitie Pacific LLC (Chantilly, Virginia) – $85,236,794

Amentum Mitie Pacific LLC, Chantilly, Virginia, is awarded an $85,236,794 fixed-price-award-fee, indefinite-delivery/indefinite-quantity contract for base operating support services at Navy Support Facility, Diego Garcia. Work will be performed at Diego Garcia, British Indian Ocean Territory, and is expected to be…

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