M&A Deal Summary

ATK Acquires Cordant Technologies

On April 20, 2001, ATK acquired aerospace company Cordant Technologies from Alcoa for 2.9B USD

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

M&A Deal Summary

Date 2001-04-20
Target Cordant Technologies
Sector Aerospace
Buyer(s) ATK
Sellers(s) Alcoa
Deal Type Divestiture
Deal Value 2.9B USD

Target

Cordant Technologies

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

ATK

Arlington, Virginia, United States

website


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

ATK 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

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

Pittsburgh, Pennsylvania, United States

website


Category Company
Founded 1886
Sector Metals/Mining
Employees13,600
Revenue 10.6B USD (2023)
DESCRIPTION

Alcoa is a lightweight metals engineering and manufacturing company. Alcoa’s multi-material products, which include aluminum, titanium, and nickel, are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Alcoa was incorporated in 1886 and is based in Pittsburgh, Pennsylvania.


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 17
Year (2001) 2 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-11 Aluminium Oxid Stade

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 -