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ATK To Acquire Swales Aerospace
Alliant Techsystems (ATK) will acquire Swales Aerospace, ATK announced April 3.
Swales, based in Beltsville, Md., provides satellite components and subsystems, small spacecraft, and engineering services to NASA, the U.S. Department of Defense and commercial customers. The Swales facility would become the headquarters for the new ATK Space Division within the company’s Mission Systems Group, and be overseen by Swales CEO Mike Cerneck. The unit will inherit the space structures and subsystems operations of ATK’s Space Systems and Sensors Division.
The deal is subject review by the U.S. government and approval by Swales shareholders.
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