MINNEAPOLIS,
Jan. 8 /PRNewswire-FirstCall/ -- Alliant Techsystems
(NYSE: ATK) announced today that Carl A. Marchetto has joined the company to
lead the formation of ATK Space Systems, a fourth business group for the
company which will be established on
April 1, 2008.
Mr. Marchetto will become
President, ATK Space Systems once the group is established.
Mr. Marchetto was
most recently the Executive Vice President of Orbital Sciences Corporation's
Space Systems Group. He previously held senior leadership positions at NASA's
Jet Propulsion Laboratory,
Lockheed Martin's Astro Space Division, as well as
Eastman Kodak, where he led its Commercial and Government Systems group.
ATK Space Systems will include the existing space operations of ATK's
Mission Systems group. This will be combined with the Information Systems and
Geospatial businesses of MacDonald Dettwiler and Associates upon completion of
the acquisition, which is expected to close early in the first quarter of the
company's fiscal year 2009 (FY09). The new group will be a full-spectrum
satellite and space systems business with FY09 revenues of approximately
$900 million. The group will have operations in four Canadian provinces and
numerous facilities across the United States.
"The strategic significance of acquiring MDA's Information Systems and
Geospatial Information Services businesses calls for equally strategic
leadership and vision. Carl possesses these critical talents and I am very
pleased he has joined our company," said Dan Murphy, Chairman and CEO. "Carl
brings decades of technical experience, a wealth of customer knowledge, and a
focused, disciplined business approach. Through his leadership, we will
capitalize on significant opportunities in international commercial and
military space markets."
ATK is an advanced weapon and space systems company with annual revenues
in excess of $4.1 billion that employs approximately 17,000 people in 21
states. News and information can be found on the Internet at
http://www.atk.com.
Certain information discussed in this press release constitutes
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. Although ATK believes that the expectations reflected in
such forward-looking statements are based on reasonable assumptions, it can
give no assurance that its expectations will be achieved. Forward-looking
information is subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected. Among those
factors are: the risk that the transaction will be completed within the time
frame described, or at all; difficulty or unanticipated circumstances with the
formation of ATK Space Systems or the integration of the acquired businesses;
and the risk that opportunities as a result of the acquisition will not be
realized. ATK undertakes no obligation to update any forward-looking
statements. For further information on factors that could impact ATK, and
statements contained herein, please refer to ATK's most recent Annual Report
on Form 10-K and any subsequent quarterly reports on Form 10-Q and current
reports on Form 8-K filed with the U.S. Securities and Exchange Commission.
Bryce Hallowell Steve Wold
Phone: 952-351-3087 Phone: 952-351-3056
E-mail: bryce.hallowell@atk.com E-mail: steve.wold@atk.com