Business Services Industry
Alliant Techsystems to Buy Boeing's Ordnance Business.
Knight Ridder/Tribune Business News, March, 2002
By Gary Hinds, Standard-Examiner, Ogden, Utah Knight Ridder/Tribune Business News
Mar. 19--EDINA, Minn.--Alliant Techsystems Inc. plans to buy the ordnance business of Boeing Co., which produces medium-caliber gun systems for military applications, officials from both companies said.
The financial terms of the deal were not released, but the ordnance business generates annual sales of about $40 million.
Alliant Techsystems (ATK) last year purchased Utah's Thiokol Propulsion from Alcoa Inc., and the ammunition businesses of Blount International Inc., whose brands include Federal, Speer, Weaver, Simmons and Redfield. ATK is headquartered in Edina, Minn.
Boeing announced last May it was seeking a buyer for its ordnance business,...
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