ATK to Adopt Streamlined Three-Group Operating Structure in FY13
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ATK announced today that it will operate in a three-group structure at the beginning of its Fiscal Year 2013 (FY13).
The new structure will include the Aerospace Group, led by Blake Larson in Magna, Utah; the Defense Group, led by Mike Kahn in Baltimore, Md.; and the Sporting Group, led by Ron Johnson in Anoka, Minn.
"We are committed to creating new products and solutions to address customer priorities at an affordable price, which will support long-term performance in each of our business segments," said Mark DeYoung, President and CEO. "This structure will allow us to leverage ATK's agile and innovative capabilities to proactively address the federal budget pressures facing many of our customers, the state of the economy and the increased need to be more competitive, domestically and internationally."
The Defense Group will integrate the engineering, manufacturing and management excellence of the company's current Armament Systems and Missile Products groups.
"This new integrated team will strengthen ATK's brand in the defense industry; deliver improved synergies and cost savings critical to our competitiveness; and achieve long-term growth through resource alignment, investment and an international focus to deliver the company's strategic priorities," said DeYoung. "The Defense Group will bring together ATK's industry-leading capabilities in ammunition, precision and strike weapons, tactical propulsion, and missile warning solutions.".....
