13 January 2003
13 January 2003
ATK (Alliant Techsystems) has acquired Composite Optics, Inc. (COI), a leading supplier of advanced composite products for the space and aerospace markets. Terms of the transaction were not disclosed.
Headquartered in San Diego, Calif., COI has annual sales of approximately $70 million and approximately 450 employees. The business will remain in San Diego, and will be integrated with ATK's existing composite structures operations.
COI composite products include telescope structures, optical benches, mirrors, instrument housings, satellite structures, and antenna reflectors. They serve as integral parts on a number of spacecraft, including:
- Earth observation and weather satellites such as Landsat, Quickbird, and SeaWinds.
- Scientific space platforms such as NASA's Hubble Space Telescope, Chandra X-ray Observatory, and James Webb Space Telescope, the European Space Agency's FIRST telescope, the U.S. Air Force's Airborne Based Laser and Space Based Laser, and the Mars Global Surveyor.
Paul David Miller (PDM), chairman and chief executive officer, said the acquisition of COI continues a series of strategic transactions aimed at bolstering ATK's core propulsion, composite structures, precision systems, and munitions businesses.
Thai Flight Training (TFT), a subsidiary of Thai Airways, recently ordered an Airbus A320 door trainer from Spatial Composite Solutions.
NTPT is collaborating with the Ecole polytechnique fédérale de Lausanne - Swiss Centre of Technology (EPFL) and other partners to research discontinuous fibre composite tubes for high performance applications.
Gulf Aviation Academy (GAA) recently ordered a Boeing 787 door trainer from Spatial Composite Solutions, complete with Spatial’s virtual slide trainer.