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10.07.2018 08:56:58

DGAP-Adhoc: H&K AG: Ad hoc announcement - Heckler & Koch GmbH and Orbital ATK Inc. reached amicably settlement

DGAP-Ad-hoc: H&K AG / Key word(s): Legal Matter
H&K AG: Ad hoc announcement - Heckler & Koch GmbH and Orbital ATK Inc. reached amicably settlement

10-Jul-2018 / 08:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Heckler & Koch GmbH and Orbital ATK Inc., incorporated Alliant Techsystems LLC ("ATK"), amicably settled the litigation brought before the Minnesota District Court. In its claim filed in January 2017, ATK claimed compensation of more than $ 27 million. Heckler & Koch GmbH pays $ 7.5 million (payable in three installments due until 30 June 2019) to ATK which cover, among others, reimbursements of legal fees and expenses as well as the resolution of all legal claims of ATK. Both parties dismiss all pending lawsuits and are looking forward to a strong cooperation in reviving their common program.

10-Jul-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: H&K AG
Heckler & Koch-Straße 1
78727 Oberndorf am Neckar
Germany
Phone: 07423 79-0
Fax: 07423 79-2327
E-mail: info.ir@heckler-koch-de.com
Internet: www.heckler-koch.com
ISIN: DE000A11Q133, XS1649057640
WKN: A11Q13
Listed: Foreign Exchange(s) Paris

 
End of Announcement DGAP News Service

702975  10-Jul-2018 CET/CEST

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