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.

email
Filed in: News Tags: , , , , ,

You might like:

Study: Tech Advances to Drive Unmanned Ground Vehicle Sector’s Growth Through 2020 Study: Tech Advances to Drive Unmanned Ground Vehicle Sector’s Growth Through 2020
Research and Markets: Military Radar Market to Hit $8.4B by 2019 Research and Markets: Military Radar Market to Hit $8.4B by 2019
Mark Aslett: Mercury Systems to Seek Radar Tech-Related Acquisitions in 2015 Mark Aslett: Mercury Systems to Seek Radar Tech-Related Acquisitions in 2015
Raytheon Hands Rolling Airframe Missile System to US Navy; Rick Nelson Comments Raytheon Hands Rolling Airframe Missile System to US Navy; Rick Nelson Comments
© 2014 ExecutiveBiz. All rights reserved.