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[Satellite TODAY 04-09-10] Alliant Techsystems (ATK) adjusted its full-year sales projection down to about $4.8 billion from expectations of up to $4.875 billion, with an earnings shift due to better-than-expected operating margins and slightly lower sales, the company announced April 8.
ATK also said it paid a $150 million discretionary cash contribution to its pension plans in March and expects to pay $300 million in pensions in 2010. The company does not expect to make any additional cash contributions to its pension plans in 2011.
ATK now expects free cash flow of approximately $50 million, reflecting the additional pension contributions, partially offset by stronger than expected operating cash flow.
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