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Orbital ATK Marks Its One-Year AnniversaryOrbital ATK (News - Alert), Inc. (NYSE: OA), a global leader in aerospace and defense technologies, today marks its first full year of combined operations following the completion of the merger between Orbital Sciences (News - Alert) Corporation and Alliant Techsystems, Inc. in February 2015. The merger brought into existence a new $4.5 billion space, defense and aviation systems manufacturer that employs approximately 12,000 people in 18 states across the U.S. "Our customers, shareholders and employees are already seeing tremendous value in the new Orbital ATK," said President and Chief Executive Officer David W. Thompson. "The merger combined the leading space and launch systems integration know-how of Orbital with the world-class product development and manufacturing capabilities of ATK's aerospace and defense businesses." "The historic strengths of these two companies have allowed us to create new products, increase operating efficiencies, provide strong returns for our shareholders, and develop a deep bench of talent that we are only beginning to tap into. We especially appreciate all the support our customers have shown us in our first year as Orbital ATK, leading to record new orders for the company over the last 12 months," Thompson added. During its inaugural year, Orbital ATK's three Operating Groups all realized significant accomplishments, including these highlights:
"We have a tremendous workforce, and I am proud of what we have done together in our first year of combined operations. Our team now stands ready to meet the challenges of 2016 and for many years to come," Larson added. Click HERE for a video overview of the company's first year. About Orbital ATK Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK employs approximately 12,000 people in 18 states across the U.S. and in several international locations. For more information, visit www.orbitalatk.com. "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 Certain statements in this press release may be "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements often include the words "forecast," "expect," "believe," "will," "intend," "plan," and words of similar substance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or performance to differ, including the following: potential difficulties in achieving expected merger synergies and efficiencies within the expected time-frames or at all; the integration of business operations being more difficult, time-consuming or costly than expected; operating costs, customer loss and business disruption that might result from the merger; potential difficulties in retaining key employees; the company's ability to maintain and grow its relationship with its customers; reductions or changes in U.S. Government military or NASA spending, including impacts of sequestration under the Budget Control Act of 2011; changes in cost and revenue estimates and/or timing of programs and payments; the potential termination of U.S. Government contracts; the impact of the Antares launch failure; failure to win or retain key contracts; costs of servicing debt, including cash requirements and interest rate fluctuations; the company's capital deployment strategy, including share repurchases and dividend payments; actual pension asset returns and assumptions regarding future returns, discount rates and service costs; supply, availability, and costs of raw materials and components, including commodity price fluctuations; performance of subcontractors and other third parties; development of key technologies; and the costs and ultimate outcome of contingencies, including litigation, government investigations and other legal proceedings. Additional information concerning these and other factors can be found in Orbital ATK's filings with the Securities and Exchange Commission. Orbital ATK undertakes no obligation to update any forward-looking statements.
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