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ATK’s Third Quarter Earnings And Sales Fall

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By Calvin Biesecker ATK [ATK] yesterday said its third quarter earnings fell due to a charge related to development work the company is doing on composite structures for the Airbus A350 commercial plane while sales dipped a percent mainly on less work for NASA programs and special mission aircraft. The $15 million, 45 cents earnings per share (EPS), after-tax charge related to the A350 stems largely from development issues as the company matures its designs, specifications and tooling for the…

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