Key Developments: Alliant Techsystems Inc (ATK.N)
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Latest Key Developments (Source: Significant Developments)
Alliant Techsystems Inc Raises FY 2014 Guidance
Alliant Techsystems Inc announced that it is raising its fiscal 2014 sales guidance, including Savage, to a range of approximately $4.3 billion to $4.38 billion, up from previous guidance of $4.05 billion to $4.15 billion. The increase is due to Savage and increased Sporting Group expectations, partially offset by the Company's current expectations around fiscal 2014 impacts likely resulting from sequestration. Fiscal 2014 EPS guidance is now $8.60 to $9.00, up from previous guidance of $7.50 to $7.90, reflecting Savage, updated sales expectations, and improved operating performance. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $4.31 billion and EPS of $8.08 for fiscal 2014. Full Article
Alliant Techsystems Inc Declares Quarterly Dividend
Alliant Techsystems Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share. The dividend will be payable September 26, 2013, to stockholders of record as of September 4, 2013. Full Article
Alliant Techsystems Inc Announces Ratification of Appointment of Independent Registered Accounting Firm-Form 8-K
Alliant Techsystems Inc reported in its Form 8-K that the proposal to ratify the appointment of Deloitte & Touche LLP as ATK’s independent registered public accounting firm for the fiscal year ending March 31, 2014 was approved. Full Article
Alliant Techsystems Inc Completes Acquisition of Caliber Company
Alliant Techsystems Inc announced that it has completed the acquisition of Caliber Company, the parent company of Savage Sports Corporation. Full Article
Alliant Techsystems Inc Agrees to Multi-Million Dollar Contract to Produce Composite Aft Fan Cases for Rolls-Royce Trent XWB-97
Alliant Techsystems Inc announced the award of a contract valued at more than $50 million from Rolls-Royce plc, United Kingdom, to produce aft fan composite cases for the new Trent XWB-97 engine. The contract has the potential to grow to more than $200 million. This Rolls-Royce engine is the sole engine now available to power the Airbus A350-1000 aircraft variant. The life-of-type contract with Rolls-Royce further highlights ATK's key role as a provider of large-scale composite components for commercial aircraft and engines. ATK has been producing aft fan cases for the Rolls-Royce Trent XWB-84 engines since 2009. Full Article
Alliant Techsystems Inc Reaffirms FY 2014 Guidance-Conference Call
Alliant Techsystems Inc announced that for fiscal 2014, it expects sales in a range of $4.05-$4.15 billion, and EPS in a range of $7.50 to $7.90. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $7.81 for fiscal 2014. Full Article
Alliant Techsystems Inc To Acquire Caliber Company, Parent Company Of Savage Sports Corporation
Alliant Techsystems Inc announced that it has entered into an agreement to acquire Caliber Company, the parent company of Savage Sports Corporation. Savage is manufacturers of hunting rifles and shotguns, delivering products for more than 100 years. ATK anticipates closing the transaction in the first quarter of its Fiscal Year 2014 (FY14), which ends June 30, 2013. Under the terms of the transaction, ATK will pay $315 million in cash, subject to a customary working capital adjustment. ATK will finance the acquisition with cash on hand and funds available under its existing credit facility. ATK will integrate Savage within its Sporting Group business Full Article
Alliant Techsystems Inc Issues FY 2014 Mixed Guidance
Alliant Techsystems Inc announced that for fiscal 2014, it expects sales in a range of $4.05-$4.15 billion, and EPS in a range of $7.50 to $7.90. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $4.16 billion and EPS of $7.40 for fiscal 2014. Full Article
Alliant Techsystems Inc Declares Quarterly Dividend
Alliant Techsystems Inc announced that Board of Directors has declared a quarterly cash dividend of $0.26 per share. The dividend will be payable June 27, 2013, to stockholders of record as of June 3, 2013. Full Article
Alliant Techsystems Inc Secures $12 Million Contract To Deliver 30mm MK266 Ammunition To U.S. Navy
Alliant Techsystems Inc announced the award of a first-year, $12 million contract to deliver 30mm MK266 ammunition to the U.S. Navy. This is a single award, firm-fixed-price, five-year indefinite delivery indefinite quantity (IDIQ) contract for 30mm x 173mm, MK266 High Explosive Incendiary with Trace Cartridges in MK15 Linked Belts. This multi-year contract has a potential value of $41 million should all possible follow on contracts be awarded through 2018. Full Article
TEXT - Fitch affirms Alliant Techsystems
Feb 15 - Fitch Ratings has affirmed Alliant Techsystems Inc.'s (ATK) Issuer Default Rating (IDR) at 'BB+'. The Rating Outlook is Stable. Approximately $1.1 billion of outstanding debt is covered by Fitch's ratings which are detailed at the end of this release. The ratings are supported by ATK's strong credit metrics for the ratings; positive free cash flow (FCF; cash from operations less capital expenditures and dividends); steady margins which are projected to slightly decline in fiscal

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