Alliant Techsystems Inc.
) continues to provide support for several space missions of
Orbital Sciences Corporation
). Currently, Alliant has delivered the second stage motor, CASTOR
30B, to Orbital Sciences for its Antares rocket, under the latter's
second National Aeronautics and Space Administration (NASA)
Commercial Resupply Services (CRS) mission to the International
Space Station (ISS).
The latest launch was the second of the eight Antares cargo
delivery missions to the ISS under Orbital Sciences' CRS contract.
Alliant's Defense and Commercial division of the Aerospace Group
was in charge of the delivery.
The CASTOR 30B motor is the improvised version of Alliant's CASTOR
30 motor, which was utilized for previous two Antares missions. The
purpose of manufacturing the CASTOR 30B motor is to raise the
payload capability of the Antares vehicle. The new motor is longer
with lesser internal insulation thickness. In addition, the CASTOR
30 motor offers 25% more thrust than the previous ones.
Alliant has a strong business alliance with Orbital Sciences and
delivers products as well as services to the latter's several
aerospace programs. Alliant will introduce CASTOR 30XL motor for
Orbital Sciences' Antares rockets in the future. The CASTOR 30XL
motor will replace the existing CASTOR 30 and CASTOR 30B motors,
thereby increasing carrying capacity.
Apart from winning contracts from Orbital Sciences, Alliant also
supplies different products and services to several aerospace
Lockheed Martin Corporation
). In Jun 2014, the company has received a contract from Lockheed
Martin Space Systems, a unit of Lockheed Martin, to provide the
UltraFlex solar arrays to the latter.
To focus more on aerospace operations and improve the product
portfolio, Alliant announced on Apr 29, 2014 that its board of
directors has unanimously approved a plan to form two independent
public entities. Per the plan, Alliant will merge its Aerospace and
Defense Groups with Orbital Sciences, which will act as Orbital
ATK, Inc. In addition, Alliant will spin-off its outdoor sports
operations and the division will be operated as an independent
company. If approved, both the entities will concentrate on their
respective operations and redeploy resources as per their future
Alliant currently has a Zacks Rank #3 (Hold). However, another
better-ranked stock in the same industry is
), carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ORBITAL SCIENCE (ORB): Free Stock Analysis
LOCKHEED MARTIN (LMT): Free Stock Analysis
ALLIANT TECHSYS (ATK): Free Stock Analysis
CAE INC (CAE): Free Stock Analysis Report
To read this article on Zacks.com click here.