Thiokol profits slide from fastener woes, Castor requalification
Despite help from the recent acquisition of a stake in Howmet, fatter Redesigned Solid Rocket Motor cost management fees, and lower taxes and interest rates, Thiokol Corp. wound up its third fiscal quarter with net income of only $9.5 million - a 33% slide from year-ago levels. At $228.9 million...
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