Alliant Techsystems Profits Jump 44% for Past Quarter

Summary


MINNEAPOLIS (Dow Jones/AP) -- Alliant Techsystems Inc., a maker of bombs and rocket engines, Thursday posted a 44 percent jump in profit for its latest quarter, helped by a sizable tax benefit.

The Minneapolis-based company, which has Utah operations in Magna, Clearfield and Promontory, had net income of $50.9 million, or $1.31 a share, for the fiscal fourth quarter ended March 31, compared with $35.2 million, or 90 cents a share, a year earlier.

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Alliant Techsystems Profits Jump 44% for Past Quarter

The latest quarter included tax bene...

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