Orbital ATK’s CEO David Thompson announced the recently merged company to analysts and investors during the initial post-merger conference call, plus post-merger business strategies and outlooks. ATK (Orbital Sciences and Alliant Techsystems) made an announcement about the $5b merger last year and it was completed – with a few difficulties – early this year, only a short time after the originally projected completion date of December 2014. Having Thompson, the former CEO and president of Orbital in charge of both organisations, and with Mark DeYoung, ATK’s previous CEO and president advancing to a new position of CEO and chairman of Vista Outdoor, a new spin-off of ATK’s Sporting Group, the group is progressing well in the context of advancing existing business strategies and projects in addition to the execution of extra initiatives and the streamlining of operations.
Thompson informed analysts and investors during the call: “[We have] a dozen or so major new products — more than half of which Orbital and ATK developed cooperatively — that have been introduced in the last 15 years and that have accounted for over 40 percent of our total revenue each year. From these enviable competitive positions, the company’s post-merger strategy will continue to apply our historical advantages in life-cycle, product innovation and consistent operational execution in consistent operational affordability.”