US-based weapon and space systems company Alliant Techsystems (ATK) is to realign its business into three groups – Mission Systems, Launch Systems and Ammunition Systems – as part of a strategy to “more closely position its businesses along market areas and enhance operating efficiencies”. ATK has also revised upwards its 2007 sales and earnings per share (EPS) guidance, because of efficiency gains which it expects to accrue from the realignment and partly “due to greater visibility into sales as a result of the US government’s fiscal year 2006 supplemental defence budget authorisation”. Sales guidance is now $3.35 billion rather than $3.3 billion, and EPS guidance has risen to between $4.75 and $4.90 from between $4.65 and $4.80. As part of the reorganisation, John Shroyer is taking on the role of chief financial officer.
Source: Flight International