Alliant Techsystems acquired Savage Arms and Stevens firearms brands from Vista Outdoor for $170m.

Alliant Techsystems, an American aerospace manufacturer and defense industry company completed the acquisition of Savage Arms and Stevens firearms brands from Vista Outdoor, a global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets, for $170m. "Divesting our Savage brand was a key aspect of our transformation plan. While it was a difficult decision to sell such an iconic brand, I remain confident that this was the correct choice to help Vista Outdoor grow in those categories where we can have leadership positions," Chris Metz, Vista Outdoor Chief Executive Officer.