Alliant Techsystems announced it is merging the majority of its holdings with Orbital Sciences. The company is best known in Utah as ATK with operations in Magna, Clearfield and Promontory. A company press release says the 1-point-seven billion dollar deal involves spinning off the parent company’s Sporting Group.
For the past 11 years, ATK Space Systems has been working on its contribution to an advanced space telescope system. Its carbon fiber composite structure is shipping out next week for further testing – and it’ll eventually wind up a million miles out in space.
The James Webb Space Telescope is meant to replace the venerable Hubble Space Telescope as the most advanced astronomical system available to science.