ATK Sporting Group Sales Up 15% as Defense Cuts Take Hold; Mark DeYoung Comments

Mark DeYoung

Mark DeYoung

ATK‘s sporting group has seen a 15 percent sales increase in 2013 amidst defense spending cuts in the U.S. and a worldwide ammunition shortage, Guns.com reports.

Max Slowik writes the group manufactures firearms and ammunition and the group’s full-year earnings were $118 million.

ATK recently agreed to acquire shotgun maker Savage Sports Corp. for $315 million, a deal that is expected to close by the end of this month.

Mark DeYoung, president and CEO, told the Washington Post the acquisition of Savage aims to turn ATK into a “one-stop shop” for guns and ammunition.

Guns.com reports many police departments are having trouble finding ammunition supplies and that effect stretches to Australia and New Zealand.

Share this story...Tweet about this on Twitter1Share on LinkedIn0Share on Facebook0Share on Google+0Email this to someone
Filed in: News Tags: , , , , ,

You might like:

Pat Tracey of HP on the Federal Cloud Market in 2015, How Mobile Changes IT Thinking Pat Tracey of HP on the Federal Cloud Market in 2015, How Mobile Changes IT Thinking
Transparency Market Research: LIDAR Market to Hit $605M by 2020 Transparency Market Research: LIDAR Market to Hit $605M by 2020
Bill Toti on Cubic’s Defense Business Reorg and Int’l Sales Prospects Bill Toti on Cubic’s Defense Business Reorg and Int’l Sales Prospects
Research and Markets: Weapons Modernization Efforts to Drive US Military Expenditure Research and Markets: Weapons Modernization Efforts to Drive US Military Expenditure
© 8242 ExecutiveBiz. All rights reserved.