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Discover historical prices for LNT stock on Yahoo Finance. At the time of the company's creation, Alliant consisted of two groups, six divisions, and two operations, representing tremendous bureaucracy and redundancy. Battling this type of opponent did not require nuclear weapons or new weapons platforms.
As consumers, we often take for granted all the hard work that goes into building a great company. There are other examples of stock growth. In December 1996 the company sold its Marine Systems Groups--which produced torpedoes, mine-detection equipment, and other naval weaponry&mdashø General Motors' Hughes Electronics. Lookup Day. To do this, the subsidiary would have to be prepared for life as an independent corporation. You can seriously increase your capital after a while or, conversely, after a while your capital may decline. Minneapolis-Honeywell's first military contracts were for an automatic system for releasing payloads at high altitudes for precision bombing. Paul David Miller, the company's chief, assured stockholders that Alliant's defense business would remain stable and that its role in solid propulsion would continue to expand. In addition to its 1997 contract with the Lockheed Martin Corp. to manufacture a component of the F-22 Raptor fighter jet, Alliant received a long-term contract from the Boeing Co. in June 1998--worth $750 million&mdashø manufacture solid rocket boosters for Boeing's Delta space launch vehicles.
Company profile page for Alliant Techsystems Operations LLC including stock price, company news, press releases, executives, board members, and contact information
With a new chairman and CEO in place by January 1999, Alliant's future looked hopeful.
With a manageable debt of $148 million and interest payments under control, it was expected that Alliant would work its debt off the books by 1994. Alliant was perfectly suited for this approach to modernization. ALLIANT TECHSYSTEMS INC. : Historical chart, prices and data share ALLIANT TECHSYSTEMS INC. | ATK | Nyse Data Provided by Refinitiv. It's Time to Plan for a Messy U.S.-China Divorce. Within months the operation had been streamlined into a manufacturing and materials arm and an engineering and technology center.
Lookup Year. In 1990 Honeywell Inc. spun off its defense-related business to form a new company, Alliant Techsystems Inc. Alliant quickly became a leading producer of conventional munitions and aerospace and defense systems. With a strong financial position, Warson hoped to broaden Alliant's markets by acquiring another company or establishing a joint venture. As one of the largest manufacturers of low-cost, high-quality munitions in the country, Alliant sells its products to the U.S. Department of Defense and to nations allied to the United States as well as to contractors. Week of July 20, 2020.
144 Watchers. Renier offered the chairmanship of the new company to Toby G. Warson, a former naval commander and CEO of Honeywell's subsidiary in the United Kingdom. Minneapolis-Honeywell purchased the Micro Switch division of First Industrial in 1950. These circumstances drew Minneapolis-Honeywell even deeper into the stable and lucrative government contracting business. In 1990 Warson toldWarson noted that budget constraints were likely to preclude the Army from replacing its aging Abrams tanks. or the ?Company?) This brought the new company's debt-to-equity ratio to a precarious 1.4 to one. The new entity would operate as an independent subsidiary until it could be sold, preferably to another defense contractor. Alliant Techsystems Inc. Stock Price (ATK) Stock Quote and real time streaming Alliant Techsystems - Stock Charts, - Company Information, News, Level 2 Data, Message Boards.
ATK was incorporated in Delaware in 1990 when Honeywell Inc. spun off … Trending now. Alliant strove to meet these needs. How to buy alliant techsystems stock?