Tuesday, March 31, 2009

Eagle Industries Sold to Alliant Techsystems

Deal closed today

Eagle Industries' Combat Integrated Armor Carrier System

Eagle Industries' Combat Integrated Armor Carrier System

Alliant Techsystems Inc. today purchased Eagle Industries Unlimited Inc. for an undisclosed amount. Alliant is a Minnesota-based aerospace and defense company. Eagle makes nylon safety gear for the military and law enforcement agencies.

More on Eagle Industries

Eagle makes several products, most of them nylon-based. The company sells weapon holsters, bags, rappelling equipment and vests. The company has about 2,300 employees. Eagle headquarters is in Fenton, Mo.

It also has facilities in New Bedford, Mass., Lares and Mayaguez, Puerto Rico, and the Dominican Republic. Its main client is the U.S. Department of Defense. It’s possible military loans made up part of the company’s earnings.

More on Alliant Techsystems

Alliant is commonly known by its ticker symbol, ATK. The large aerospace and defense company has revenue of more than $4.5 billion. ATK has more than 19,000 employees.

Eagle will add more than $80 million to Alliant’s sales in fiscal 2010, according to Minneapolis/St. Paul Business Journal.

Everybody’s happy

Both Eagle Industries and Alliant Techsystems see the acquisition as a positive step. ATK is looking forward to expanding.

Eagle will provide Alliant "with an exciting opportunity to expand its presence into the growing military and law enforcement accessories markets," ATK chairman and CEO Dan Murphy said in a statement. ... click here to read the rest of the article titled "Eagle Industries Sold to Alliant Techsystems"

No comments:

Post a Comment