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:

Research and Markets: Small Arms Market Set for 2% CAGR Research and Markets: Small Arms Market Set for 2% CAGR
NRO Defense Payload Sent to Space on ULA-Built Rocket; Jim Sponnick Comments NRO Defense Payload Sent to Space on ULA-Built Rocket; Jim Sponnick Comments
The GovCon Tech Makers, Service Firms Behind NASA’s 1st Orion Test Flight The GovCon Tech Makers, Service Firms Behind NASA’s 1st Orion Test Flight
MarketsandMarkets: Small Arms Market Worth $5B By 2020 MarketsandMarkets: Small Arms Market Worth $5B By 2020
© 2014 ExecutiveBiz. All rights reserved.