[Satellite TODAY 08-07-09] Alliant Techsystems (ATK) space systems division sales declined by 11 percent to $364 million compared from $407 million in the previous year, according to the company’s 2010 first quarter financial results, released Aug. 6.
    ATK said the decrease reflects the draw down of the Minuteman 3 program and the termination of the Kinetic Energy Interceptor program. Operating profit for the space systems group rose 14 percent to $41 million, compared to $36 million reported in 2008. 
    Despite the decline in its space systems division, ATK reported an earnings-per-share increase of 35 percent to $2.09, driven by sales growth in its military product line, improved operating margins, reduced share count, and the absence of $15 million in charges in the prior-year quarter related to program performance in the company’s spacecraft structures business.
    The company saw overall net income increase 28 percent to $69 million in the quarter.

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