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) | ||||
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Delaware |
| 1-10582 |
| 41-1672694 |
(State or Other Jurisdiction |
| (Commission |
| (IRS Employer |
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5050 Lincoln Drive |
| 55436-1097 | ||
(Address of Principal Executive Offices) |
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Registrant’s telephone number, including area code: (952) 351-3000 |
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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):
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| Fiscal 2003 Quarter Ended |
| Fiscal 2003 |
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| June 30 |
| September 29 |
| December 29 |
| March 31 |
| Total Year |
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Sales to external customers: |
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Aerospace |
| $ | 250,321 |
| $ | 211,181 |
| $ | 224,797 |
| $ | 254,528 |
| $ | 940,827 |
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Ammunition |
| 164,647 |
| 164,989 |
| 163,905 |
| 188,221 |
| 681,762 |
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Precision Systems |
| 104,922 |
| 136,975 |
| 131,056 |
| 176,593 |
| 549,546 |
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Total external sales |
| 519,890 |
| 513,145 |
| 519,758 |
| 619,342 |
| 2,172,135 |
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Intercompany sales: |
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Aerospace |
| 880 |
| 322 |
| 127 |
| 905 |
| 2,234 |
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Ammunition |
| 6,919 |
| 2,213 |
| 3,283 |
| 11,504 |
| 23,919 |
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Precision Systems |
| 236 |
| 489 |
| 660 |
| 4,591 |
| 5,976 |
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Corporate |
| (8,035 | ) | (3,024 | ) | (4,070 | ) | (17,000 | ) | (32,129 | ) | |||||
Total intercompany sales |
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Total sales |
| $ | 519,890 |
| $ | 513,145 |
| $ | 519,758 |
| $ | 619,342 |
| $ | 2,172,135 |
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Income from continuing operations before |
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Aerospace |
| $ | 46,662 |
| $ | 31,741 |
| $ | 33,641 |
| $ | 43,715 |
| $ | 155,759 |
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Ammunition |
| 12,324 |
| 17,723 |
| 25,039 |
| 18,095 |
| 73,181 |
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Precision Systems |
| 8,611 |
| 16,353 |
| 16,426 |
| 17,967 |
| 59,357 |
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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 |
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| Fiscal 2002 Quarter Ended |
| Fiscal 2002 |
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| July 1 |
| September 30 |
| December 30 |
| March 31 |
| Total Year |
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Sales to external customers: |
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Aerospace |
| $ | 197,699 |
| $ | 221,760 |
| $ | 233,103 |
| $ | 210,244 |
| $ | 862,806 |
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Ammunition |
| 92,694 |
| 97,504 |
| 122,701 |
| 157,884 |
| 470,783 |
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Precision Systems |
| 104,823 |
| 108,303 |
| 108,324 |
| 146,566 |
| 468,016 |
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Total external sales |
| 395,216 |
| 427,567 |
| 464,128 |
| 514,694 |
| 1,801,605 |
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Intercompany sales: |
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Aerospace |
| 276 |
| 235 |
| 569 |
| 5 |
| 1,085 |
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Ammunition |
| 6,193 |
| 4,690 |
| 4,406 |
| 10,965 |
| 26,254 |
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Precision Systems |
| 286 |
| 369 |
| 220 |
| 314 |
| 1,189 |
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Corporate |
| (6,755 | ) | (5,294 | ) | (5,195 | ) | (11,284 | ) | (28,528 | ) | |||||
Total intercompany sales |
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Total sales |
| $ | 395,216 |
| $ | 427,567 |
| $ | 464,128 |
| $ | 514,694 |
| $ | 1,801,605 |
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Income from continuing operations before interest and income taxes: |
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Aerospace |
| $ | 30,248 |
| $ | 34,775 |
| $ | 35,740 |
| $ | 31,897 |
| $ | 132,660 |
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Ammunition |
| 11,346 |
| 13,406 |
| 13,416 |
| 19,340 |
| 57,508 |
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Precision Systems |
| 8,876 |
| 7,960 |
| 11,495 |
| 12,387 |
| 40,718 |
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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 |
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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. | |
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| By: | /s/ Eric S. Rangen |
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| Name: Eric S. Rangen |
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| Title: Vice President and Chief Financial Officer |
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Date: June 17, 2003 |
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