Alliant Techsystems - Sporting achievements
Nov 02nd 2012 - Edison Investment Research today published a report on Alliant Techsystems entitled "Sporting Achievements". In summary, the report says:
Although ATK’s Q2 results were bolstered by the strength in the Sporting Group division, overall revenues took a hit from the Radford contract loss and slower NASA sales. Importantly, contract wins in the period have substantially de-risked the investment case and provide enough positive momentum in H2 for increased FY13 guidance with sales up marginally and mid-point EPS up 6%. Given the difficult environment over the past 18 months with uncertainty and increasing competition, we feel Q2 provides reassurance, supported by a $6.4bn backlog, while growth opportunities remain in the Sporting and Aerospace divisions.
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