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Alliant Techsystems Moving Headquarters To Va.

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MINNEAPOLIS (AP) — Aerospace and defense manufacturer Alliant Techsystems Inc. plans to move its headquarters from Minneapolis to Arlington, Va., on Oct. 1.

The company said Thursday that the move would increase contact with its U.S. government customers and Congress.

Alliant said about 210 corporate employees would stay in Minnesota. It currently has 2,700 employees in Minnesota and 3,500 in the Mid-Atlantic region of Virginia, Maryland and West Virginia.

The company was created in 1990, when Honeywell spun off its defense businesses. It expanded into aerospace by acquiring Hercules Aerospace Co. and Thiokol Propulsion, making it a major supplier of solid-fuel rocket motors.

The shares fell 56 cents to close at $58.94.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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