Alliant Techsystems (ATK) has acquired accessory manufacturer Eagle Industries, as it expands its position in the domestic and international tactical accessories markets. While terms of the agreement were not disclosed, ATK expects the acquisition to add more than $80 million to its 2010 fiscal year revenues, and be slightly accretive to fiscal year 2010 earnings per share. Eagle Industries will become part of ATK’s Armament Systems group.
Eagle Industries is a manufacturer of operational nylon gear and equipment for tactical operations. It makes more than 5,000 products including tactical assault vests, load-bearing equipment, weapon transport gear, holsters, and personal gear carriers. Main customers are the military and law enforcement agencies in the U.S. and internationally. The company has approximately 2,300 employees.
“Eagle Industries has built a strong reputation within the military and law enforcement markets by producing the highest quality tactical equipment and systems,” said Scott Carver, Vice President and General Manager, ATK Tactical Systems division. “By joing forces with ATK, we will be even better equipped to support the soldier and other customers while growing our business in ways we could not have done alone. This is a great opportunity for both companies.”
Alliant Techsystems (ATK) has acquired accessory manufacturer Eagle Industries, as it expands its position…
by Tactical-Life.com / Apr 22, 2009