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With Strong Order Flow, Orbital ATK Sees Top Line Growth In 2017; Reaffirms 2016 Outlook

By Cal Biesecker

Tuesday, November 8th, 2016

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With Strong Order Flow, Orbital ATK Sees Top Line Growth In 2017; Reaffirms 2016 Outlook

David Thompson, president and CEO of Orbital ATK. Photo: Orbital ATK

Still sorting out the financial impacts from an Army ammunition contract that is in a loss position, Orbital ATK [OA] on Tuesday reported some third quarter highlights, including strong orders and record backlog that are expected to result in sales growth next year, the company’s chief executive said.David Thompson, Orbital ATK’s president and CEO, said on a financial update call that “while it’s premature to provide specific guidance for 2017, I think I can say the company expects to resume…

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