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PITTSBURGH and MINNEAPOLIS--April 23, 2001--
Alcoa Inc. and ATK (Alliant Techsystems Inc.) jointly announced today
that the sale of Alcoa's Thiokol Propulsion business to ATK has been
completed. Agreement on the sale was announced in January. ATK
purchased Thiokol Propulsion for $685 million in cash.
Alcoa is the world's leading producer of primary aluminum, fabricating
aluminum and alumina and participates in all segments of the industry:
mining, refining, smelting, fabricating and recycling. The company has
operations in 37 countries.
ATK is a $1.6 billion aerospace and defense company with leading
positions in munitions, precision capabilities, propulsion, and
composite structures. The company, which is headquartered in Hopkins,
Minn., has two business segments: Aerospace and Defense.
Alcoa Inc. (NYSE: AA)
Alliant Techsystems Inc. (NYSE: ATK)