M&A Deal Summary

Alliant Techsystems Acquires Cordant Technologies

On April 20, 2001, Alliant Techsystems, Inc. acquired aerospace company Cordant Technologies, Inc. from Alcoa, Inc. for 2.9B USD

Acquisition Highlights
  • This is Alliant Techsystems’ 1st transaction in the Aerospace sector.
  • This is Alliant Techsystems’ 1st largest (disclosed) transaction.
  • This is Alliant Techsystems’ 1st transaction in the United States.
  • This is Alliant Techsystems’ 1st transaction in Utah.

M&A Deal Summary

Date 2001-04-20
Target Cordant Technologies, Inc.
Sector Aerospace
Buyer(s) Alliant Techsystems, Inc.
Sellers(s) Alcoa, Inc.
Deal Type Divestiture
Deal Value 2.9B USD

Target

Cordant Technologies, Inc.

Salt Lake City, Utah, United States
Cordant was composed of three businesses: Howmet International, a manufacturer of precision investment cast parts for aerospace and industrial gas turbine markets; Huck Fasteners, a manufacturer of fastening systems for aerospace and industrial markets; and Thiokol Propulsion, a manufacturer of solid rocket motors for aerospace, defense and commercial applications.

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Buyer(S) 1

Buyer

Alliant Techsystems, Inc.

Arlington, Virginia, United States

website


Category Company
Founded 1990
SectorDefense
Employees16,000
Revenue 4.8B USD (2014)
DESCRIPTION

Alliant Techsystems, Inc. is a developer and producer of aerospace, defense, and commercial products. The Company was formed in 1990 as a spin-off from Honeywell.


DEAL STATS #
Overall 1 of 9
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 9
Year (2001) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-28 Mission Research Corp.

Huntsville, Alabama, United States

Mission Research Corp. development of advanced technologies that address emerging national security and homeland defense requirements. Over more than three decades MRC has earned an impressive reputation as a national asset in such key areas as directed energy; electro-optical and infrared sensors; aircraft sensor integration; high-performance antennas and radomes; advanced signal processing; and specialized composites.

Buy -

Seller(S) 1

SELLER

Alcoa, Inc.

Pittsburgh, Pennsylvania, United States

website


Category Company
Founded 1888
SectorMetals/Mining
Employees12,900
Revenue 9.3B USD (2020)
DESCRIPTION

Alcoa, Inc. is a producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities. Alcoa, Inc. was formed in 1888 and is based in New York City.


DEAL STATS #
Overall 2 of 22
Sector (Aerospace) 1 of 2
Type (Divestiture) 1 of 19
State (Utah) 1 of 1
Country (United States) 1 of 18
Year (2001) 2 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-11 Aluminium Oxid Stade GmbH

Stade,, Germany

Aluminium Oxid Stade GmbH owns and operates an alumina refinery that produces alumina, and dried and wet aluminum hydroxide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-22 Dooray Air Metal Extrusion Business

Changwon,, South Korea

Dooray Air Metal Extrusion Business produces hard alloy extrusions for use primarily in industrial, transportation and defense applications.

Buy -