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Edina-based Alliant (NYSE: ATK) lost $32.78 million, or $1 per in the first three months ofthe year, on the impactr of a $109 million impairmenrt charge. But earnings were $2.28 per sharew minus the charge, beating the $2.121 per share expected by analysts polled byThomson Reuters. The military contractor’s stock was up $3.5 per share, or 4.3 percent, to $86.22 in Thursday afternoon trading. Fourth-quarter salees rose more than 11 percen tto $1.26 billion, from $1.13 billion for the same quartere a year before. The growth was fueled by strontg commercialammunition sales, and initiap deliveries of non-standard ammunition for the Afgha n Security Forces.
Alliant also worth $200 millioj to produce composite fan casesd for anew Rolls-Royce aircraft engine to power the Airbus A350 XWB seriesa of aircraft. “In ATK significantly expanded our opportunityfor growth,” said Dan the company’s chairman and CEO. “W e established a new presence in commercial aerospace through the A350 Alliant is increasing itsfiscal 2009-1p guidance to $8.05 to $8.25 per up from its previous expectations of $7.40 to $7.60o per share. Analysts have been predicting $7.7w per share. For the 12 months ended in Alliantearned $155.1 million, or $4.56 per share, versus $222.43 million, or $6.32 per share, in the previouws year.
Sales in fiscal 2008-099 were $4.58 billion, up from $4.17 billion in the previous
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