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ATK Acquires Weaver Optics - further heralds ATK's return to the optics category
.jpg "Image") ANOKA, Minn.–April 25, 2008–ATK has announced its acquisition of Weaver® Optics from Meade Instruments effective April 24, 2008. This acquisition further heralds ATK’s return to the optics category and integrates yet another trusted and respected name into the well-known family of ATK brands.
This strategic move, coupled with the 2007 launch of Nitrex Optics™ establishes ATK as a significant and growing force within this product category. Mark DeYoung, President of ATK Armament Systems and ATK Commercial Products stated that “The opportunity to add Weaver optics into our growing portfolio of quality brands supports our strategy for growth. As we continue to expand our capability and product offering in the accessories category, optics will be a solid contributor to our success. Our company has a solid history with the Weaver brand and we are pleased to add Weaver optics back into our winning lineup.”
The legendary Weaver brand of optics, when combined with ATK’s existing Weaver rings, mounts and bases, positions the company for continued growth and operational synergies within their optics line-up.
For more information on ATK Commercial Products, visit www.outdoorwriters.atk.com.
About Weaver Optics
From the field to the range, Weaver® Outdoor Optics brings more than 77 years of innovation and expertise to the shooting experience. Engineered to be the most reliable optics, Weaver ensures accuracy—sshot after shot, hunt after hunt. So whether it’s punching paper at the local range or chasing game through the high country, Weaver optics are up to the task.
About ATK Armament Systems
Headquartered in Utah, ATK Armament Systems is the world’s largest ammunition manufacturing entity generating approximately $1.5B annually in sales. The organization manufactures small caliber military ammunition, medium caliber military ammunition, medium caliber gun systems, rocket motors, ammunition propellants, commercial and military smokeless powder, law enforcement and sporting ammunition, ammunition related products and is the operator of two U.S. Army ammunition manufacturing plants. The organization employs approximately 6,000 people. More information is available at www.outdoorwriters.atk.com.
About ATK
ATK is a premiere aerospace and defense company with more than 17,000 employees in 21 states and over $4.1 billion in revenue. News and information can be found on the Internet at www.atk.com.
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