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Guns And Ammo Power ATK To Strong Third Quarter

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By Calvin Biesecker Alliant Techsystems [ATK] yesterday reported strong third quarter financials led by strength in the commercial ammunition and military medium-caliber guns and ammunition businesses and better operating efficiencies. ATK's Armament Systems segment, which designs and produces ammunition and medium-caliber gun systems, posted double-digit sales and profit increases. The company's strong quarter was aided as well by double-digit profit gains at its Mission Systems segment despite a modest uptick in sales. ATK cited operating efficiencies and lower pension costs…

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