Thiokol changes hands again
Posted: Fri, Feb 2, 2001, 2:18 PM ET (1918 GMT)
Alliant Techsystems (ATK) announced this week it was acquiring the Thiokol Propulsion division of Alcoa for $685 million in cash. Thiokol, best known for making the solid-propellant boosters used by the space shuttle, became a part of Alcoa just last year when the aluminum giant acquired Thiokol's parent, Cordant Technologies. Thiokol should find a better fit at ATK, which makes solid-propellant motors for the Pegasus and Taurus boosters as well as the large solid-propellant boosters used by the Titan 4B and the strap-on boosters for the Delta 2. The deal is expected to close by the second quarter of this year.
Alliant Techsystems (ATK) announced this week it was acquiring the Thiokol Propulsion division of Alcoa for $685 million in cash. Thiokol, best known for making the solid-propellant boosters used by the space shuttle, became a part of Alcoa just last year when the aluminum giant acquired Thiokol's parent, Cordant Technologies. Thiokol should find a better fit at ATK, which makes solid-propellant motors for the Pegasus and Taurus boosters as well as the large solid-propellant boosters used by the Titan 4B and the strap-on boosters for the Delta 2. The deal is expected to close by the second quarter of this year.
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