ATK plans to cut jobs as ammunition revenue slides

ATK plans to cut jobs as ammunition revenue slides

By Nick Taborek
and Gopal Ratnam
Bloomberg News

Published Feb 2, 2012 01:45PM MDT

Alliant Techsystems Inc., the world’s largest maker of ammunition, plans to cut close to 200 jobs by April 1 as it faces heightened competition for its military contracts and lower demand from the Pentagon, CEO Mark DeYoung said.
The company, also known as ATK, plans to combine its missile unit with its armaments division, which produces munitions and rockets.
Alliant employs about 20 armaments workers at an office in Clearfield, but no manufacturing takes place there, spokeswoman Amanda Covingt...

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