Alliant Techsystems is to reorganise its business into a consolidated three-group structure consisting of an aerospace unit, defense unit and sporting unit.
The aerospace group, which will be based in Utah and led by Blake Larson, will focus on solid…
Alliant Techsystems is to reorganise its business into a consolidated three-group structure consisting of an aerospace unit, defense unit and sporting unit.
The aerospace group, which will be based in Utah and led by Blake Larson, will focus on solid rocket propulsion systems, advanced materials and satellite and launch structures.
The defense group will combine the company’s current armament systems and missile products groups, while the sporting group brings together ATK’s sporting, military, personal security and law enforcement applications.
Commenting on the plan, Mark DeYoung, president and CEO, said: “This structure will allow us to leverage ATK’s agile and innovative capabilities to proactively address the federal budget pressures facing many of our customers, the state of the economy and the increased need to be more competitive, domestically and internationally.”
Push backs in US military and aerospace spending has hit ATK’s business with the company recently reporting a year-on-year drop in both sales (1.1%) and income (16.6%) in its third quarter fiscal 2012 results. DeYoung predominantly blamed this on lower sales on NASA human spaceflight programs and a fall in modernisation revenues from its armament systems group.
