Alcoa Completes Sale of Thiokol Propulsion to ATK.Business Editors PITTSBURGH and MINNEAPOLIS--(BUSINESS WIRE)--April 23, 2001 Alcoa Inc. (NYSE NYSE See: New York Stock Exchange :AA) and ATK ATK - Andrew Toolkit (Alliant Techsystems Alliant Techsystems NYSE: ATK is a major US aerospace and defense contractor with sales of approximately USD $3.6 billion (fiscal year 2007) [1] and strong positions in propulsion, composite structures, munitions, precision capabilities, and civil and sporting Inc.) (NYSE:ATK) jointly announced today that the sale of Alcoa's Thiokol Propulsion business to ATK has been completed. Agreement on the sale was announced in January. ATK purchased Thiokol Propulsion for $685 million in cash. Alcoa is the world's leading producer of primary aluminum, fabricating aluminum and alumina and participates in all segments of the industry: mining, refining, smelting, fabricating and recycling. The company has operations in 37 countries. ATK is a $1.6 billion aerospace and defense company with leading positions in munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. , precision capabilities, propulsion, and composite structures. The company, which is headquartered in Hopkins, Minn., has two business segments: Aerospace and Defense. |
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