ATK, or Alliant Techsystems as it was formerly known, is no more. In its place are two new companies: Orbital ATK and Vista Outdoor. When ATK merged with Orbital Sciences Corporation, the sporting group of ATK was spun off into Vista Outdoor while the defense contracting component remained in the new combined organization at the close of business yesterday.
If the first day of trading is any indication, shareholders have placed their bets with the sporting group or Vista Outdoor (VSTO). It was up $1.91 at the close while Orbital ATK (OA) was down $1.90.
Vista Outdoor stable of brands includes everything from Federal Premium and Savage Arms to Bolle and Serengetti sunglasses. For reloaders it includes well-known names such as RCBS, CCI, Alliant Powder, Speer Bullets, and Federal.
Mark DeYoung, former CEO of ATK, cast his lot with Vista Outdoor instead of the defense component. The new company is headquartered in Clearfield, Utah which is halfway between Salt Lake City and Ogden. Vista Outdoor has 5,800 employees.
They released this video profiling Vista Outdoors yesterday.