8-K 1 j2012_8k.htm 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported)                                    June 17, 2003

 

Alliant Techsystems Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

1-10582

 

41-1672694

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

5050 Lincoln Drive
Edina, Minnesota

 

55436-1097

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

 

 

Registrant’s telephone number, including area code:    (952) 351-3000

 

 

 

 

 

 

 

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 



 

Item 5.  Other Events.

 

Alliant Techsystems Inc. (ATK or the Registrant) has three operating segments:  Aerospace, Ammunition, and Precision Systems. Effective April 1, 2003, the medium-caliber ammunition programs are included in the Ammunition operating segment rather than the Precision Systems operating segment.

 

The following summarizes ATK’s results by operating segment taking into account the move of the medium-caliber ammunition programs for each quarter in the years ended March 31, 2003 and 2002 (in thousands):

 

 

 

Fiscal 2003 Quarter Ended

 

Fiscal 2003

 

 

 

June 30

 

September 29

 

December 29

 

March 31

 

Total Year

 

Sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

250,321

 

$

211,181

 

$

224,797

 

$

254,528

 

$

940,827

 

Ammunition

 

164,647

 

164,989

 

163,905

 

188,221

 

681,762

 

Precision Systems

 

104,922

 

136,975

 

131,056

 

176,593

 

549,546

 

Total external sales

 

519,890

 

513,145

 

519,758

 

619,342

 

2,172,135

 

Intercompany sales:

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

880

 

322

 

127

 

905

 

2,234

 

Ammunition

 

6,919

 

2,213

 

3,283

 

11,504

 

23,919

 

Precision Systems

 

236

 

489

 

660

 

4,591

 

5,976

 

Corporate

 

(8,035

)

(3,024

)

(4,070

)

(17,000

)

(32,129

)

Total intercompany sales

 

 

 

 

 

 

Total sales

 

$

519,890

 

$

513,145

 

$

519,758

 

$

619,342

 

$

2,172,135

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before
interest and income taxes:

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

46,662

 

$

31,741

 

$

33,641

 

$

43,715

 

$

155,759

 

Ammunition

 

12,324

 

17,723

 

25,039

 

18,095

 

73,181

 

Precision Systems

 

8,611

 

16,353

 

16,426

 

17,967

 

59,357

 

Corporate

 

(1,005

)

(1,710

)

(3,641

)

(6,398

)

(12,754

)

Income from continuing operations before interest and income taxes

 

$

66,592

 

$

64,107

 

$

71,465

 

$

73,379

 

$

275,543

 

 

 

 

Fiscal 2002 Quarter Ended

 

Fiscal 2002

 

 

 

July 1

 

September 30

 

December 30

 

March 31

 

Total Year

 

Sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

197,699

 

$

221,760

 

$

233,103

 

$

210,244

 

$

862,806

 

Ammunition

 

92,694

 

97,504

 

122,701

 

157,884

 

470,783

 

Precision Systems

 

104,823

 

108,303

 

108,324

 

146,566

 

468,016

 

Total external sales

 

395,216

 

427,567

 

464,128

 

514,694

 

1,801,605

 

Intercompany sales:

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

276

 

235

 

569

 

5

 

1,085

 

Ammunition

 

6,193

 

4,690

 

4,406

 

10,965

 

26,254

 

Precision Systems

 

286

 

369

 

220

 

314

 

1,189

 

Corporate

 

(6,755

)

(5,294

)

(5,195

)

(11,284

)

(28,528

)

Total intercompany sales

 

 

 

 

 

 

Total sales

 

$

395,216

 

$

427,567

 

$

464,128

 

$

514,694

 

$

1,801,605

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before interest and income taxes:

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

30,248

 

$

34,775

 

$

35,740

 

$

31,897

 

$

132,660

 

Ammunition

 

11,346

 

13,406

 

13,416

 

19,340

 

57,508

 

Precision Systems

 

8,876

 

7,960

 

11,495

 

12,387

 

40,718

 

Corporate

 

(1,684

)

(1,828

)

(2,796

)

(896

)

(7,204

)

Income from continuing operations before interest and income taxes

 

$

48,786

 

$

54,313

 

$

57,855

 

$

62,728

 

$

223,682

 

 

2



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

ALLIANT TECHSYSTEMS INC.

 

 

 

 

 

 

 

By:

/s/ Eric S. Rangen

 

 

Name: Eric S. Rangen

 

 

Title: Vice President and Chief Financial Officer

 

 

 

 

 

 

Date:       June 17, 2003

 

 

 

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