Minneapolis, USA, 04 Apr 2007: Alliant Techsystems has announced that it intends to acquire Swales Aerospace, a provider of satellite components and subsystems, small spacecraft and engineering services for NASA, Department of Defense and commercial satellite customers. The transaction is subject to Hart-Scott-Rodino review, and approval by a majority of the shareholders in the employee-owned company.
“We are excited to welcome into ATK the highly talented workforce of Swales Aerospace,” said Dan Murphy, Chairman and CEO. “Together, there is much we can contribute to the space industry.” He further added, “after receiving HSR and shareholder approval, ATK will be a leading provider of satellite components, subsystems and small spacecraft. The acquisition will further increase the company’s position as the partner of choice to the Government and industry”. “The acquisition will also enhance ATK’s systems engineering. The talent and resources developed by Swales’ 28-year history of providing engineering services to NASA will play an important role as ATK pursues strategic initiatives in space exploration programs”.
