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Stock Market & Financial Investment News

News Breaks
May 12, 2014
08:01 EDTATKATK secures $20M contract from U.S. Army
ATK announced it was awarded a Fixed Price Indefinite Delivery/Indefinite Quantity contract from the U.S. Army for the production of Mk248 Mod 0, 190-grain and Mk248 Mod 1, 220-grain 300 Win. Magnum rifle ammunition. The Army has selected this ammunition for primary use in its M2010 Sniper rifle. The five-year 300 Win Mag ammunition contract is in its first year. The contract has a total of five 12-month ordering periods. This award has an estimated maximum value of $20M over the life of the contract, and an initial delivery order for the ammunition was received at the time of the award.
News For ATK From The Last 14 Days
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January 28, 2015
16:35 EDTATKATK not issuing guidance due to pending closing of Orbital deal
Due to the pending closing of the anticipated transaction, Alliant Techsystems (ATK) is not discussing its outlook or issuing financial guidance. On the anticipated closing date, February 9, ATK stockholders as of the applicable record date, February 2, will receive two shares of Vista Outdoor (VSTO) common stock for every one share of ATK common stock they hold. In connection with the merger, Orbital (ORB) stockholders will receive 0.449 shares of ATK common stock for each share of Orbital common stock that they hold. Upon the closing of the transaction, ATK stockholders will own approximately 53.8% of Orbital ATK on a fully diluted basis and Orbital stockholders will own the remaining approximately 46.2% of Orbital ATK on a fully diluted basis.
16:33 EDTATKATK reports Q3 EPS adjusted $3.02, consensus $2.88
Reports Q3 revenue $1.25B, consensus $1.25B. Orders for the quarter were $1B, down from $1.3B in the prior-year quarter. The decrease was driven by lower orders in the Aerospace and Sporting Groups, partially offset by an increase in the Defense Group. The company maintains a backlog of $6.7B.
January 27, 2015
10:34 EDTATKATK holders approve issuance of shares to Orbital
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January 26, 2015
08:01 EDTATKOrbital price target raised to $35 from $28 at Stifel
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January 22, 2015
14:27 EDTATKOrbital to host special shareholder meeting
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