Orbital ATK Archives -

Gun Industry News – 2

Continuing to talk about the gun industry, and more specifically the ammunition component of it, Orbital ATK announced a big order today.

Orbital ATK, Inc. (OA) (NYSE (NYX): OA), a global leader in aerospace and defense technologies, announced today that it has received orders totaling $210 million to produce small caliber ammunition for the U.S. Army. Orders were placed for .50 caliber, 5.56mm and 7.62mm ammunition under Orbital ATK’s supply contract to produce a variety of small caliber ammunition for the U.S. government at the Lake City Army Ammunition Plant (Lake City) in Independence, Missouri.

Orbital ATK was formed from the merger of ATK and Orbital Sciences in February 2015. At the same time, the consumer firearms, consumer ammunition, and sporting businesses were spun off into Vista Outdoors.

The Orbital ATK Annual Meeting will be held tomorrow. They have released this presentation which goes over what will be presented at the Annual Meeting.

ATK, Formerly Alliant Techsystems, Is No More

ATK, or Alliant Techsystems as it was formerly known, is no more. In its place are two new companies: Orbital ATK and Vista Outdoor. When ATK merged with Orbital Sciences Corporation, the sporting group of ATK was spun off into Vista Outdoor while the defense contracting component remained in the new combined organization at the close of business yesterday.

If the first day of trading is any indication, shareholders have placed their bets with the sporting group or Vista Outdoor (VSTO). It was up $1.91 at the close while Orbital ATK (OA) was down $1.90.

Vista Outdoor stable of brands includes everything from Federal Premium and Savage Arms to Bolle and Serengetti sunglasses. For reloaders it includes well-known names such as RCBS, CCI, Alliant Powder, Speer Bullets, and Federal.

Mark DeYoung, former CEO of ATK, cast his lot with Vista Outdoor instead of the defense component. The new company is headquartered in Clearfield, Utah which is halfway between Salt Lake City and Ogden. Vista Outdoor has 5,800 employees.

They released this video profiling Vista Outdoors yesterday.