ATK announced today that it has acquired Eagle Industries, long-standing icon of the Soldier Systems Industry. While terms of the agreement were not disclosed, the company expects the acquisition to add more than $80 million to Fiscal Year 2010 revenues. Eagle Industries will become part of ATK’s Armament Systems group.
[…] Announcement of this award may come as a sigh of relief for some as it had been delayed several times. Interestingly, the companies involved in this award, as well the finalists in the Releasable Plate Carrier program may indicate a passing of the torch, so to speak, from the larger, more traditional armor companies to smaller manufacturers. Also, as two of the four finalists for that program will be heavily invested in producing IOTVs until the end of the year it will be intriguing to see if there now continues to be a delay in announcing the award for the Releasable Plate Carrier. Additionally, Eagle Industries has captured a notable portion of this business which seems to indicate a new emphasis on large piece contract sewing since being purchased by ATK. […]