Sign In
Search
Business/Financial

ATK’s Second Quarter Sales, Earnings Fall But Earnings Outlook Maintained

Defense Daily Staff Defense Daily Staff
SHARE:

Lower volume for military small-caliber ammunition, energetics and continued weakness in NASA programs combined with higher taxes led ATK [ATK] yesterday to post declines in its second quarter sales and income. Like other defense firms that have reported this fall, ATK countered the weaker sales with strong margins, in particular in its Armament Systems group, which benefited from an $18 million contract resolution at the Lake City ammunition plant it manages for the Army. ATK’s margins jumped 2.3 percent to…

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

Sikorsky Nabs Army Deal For 16 More Black Hawks, Sets Path For New ‘Multiple-Year’ Contract

Advanced / Transformational Technology

True Anomaly and Northrop Grumman Aiming to Build GHOST-R Prototypes to Reduce RG-XX Costs

Defense Watch

Defense Watch: X-Bat Collab in Poland, German F-35, DAF Battle Network

Missile Defense

Lockheed Martin Gets GM Defense-Made PAC-3 MSE Components Under One Month From Order

Trending

L3Harris Chose To Not Be An SBI Prime, Instead Focusing As Propulsion Supplier
USAF, Northrop Detail Sentinel ICBM ‘Vertical Stacking’ Demo, On Track For Flight Tests In 2027
Meink: U.S. Has Orbital Space Weapons, SB-AMTI To Launch This Month, 500 CCAs by 2032
Pentagon Wants AI System to Understand and Predict Space Threats
AEVEX Completes $600 Million Acquisition Of USV Manufacturer BlackSea

Congress Updates

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume