ATK abandons expansion, repays state funds

IUKA — The Mississippi Development Authority says a Minneapolis-based company has canceled plans to add 600 jobs in Tishomingo County, and has repaid $30 million in state incentive payments.

The Northeast Mississippi Daily Journal reported Saturday that Alliant Techsystems Inc. cited the economic downturn and a need to consolidate work on Airbus airplanes.

ATK announced in February 2009 that it would build composite parts for the planaes at its plant in Yellow Creek, near Iuka.

A news release from the development authority says company officials don’t expect the decision to affect the plant’s 160 current workers.

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