Alliant Techsystems Inc.
) has entered into an agreement, worth $178 million, with the
United Launch Alliance (ULA). Per the contact, the company will
provide multiple composite structures to ULA, with a diameter of
13-18 feet and lengths up to 63 feet. The product portfolio
includes fairings, interstages, nose cones, and payload adapters
and diaphragms. Alliant Techsystems' Aerospace Structures
division will be in charge of the delivery.
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ULA will utilize the aforesaid products at the United States Air
Force's Evolved Expendable Launch Vehicles (EELV) -- Atlas V and
Alliant Techsystems will roll out the products from its Large
Structures Center of Excellence in Iuka, MS. The deliveries are
scheduled to start from fiscal year 2014.
ULA is jointly owned by
The Boeing Company
Lockheed Martin Corporation
). It provides affordable, consistent, and assured access to
space for U.S. government missions. ULA has three launch vehicles
- Atlas V, Delta IV and Delta II.
EELV program, a U.S. Air Force's space lift modernization
program, was commenced in 1994. The objective of the program is
to make space launch vehicles more cost-effective and reliable.
Per the program, the existing fleets are replaced with two
families of launch vehicles - the Boeing Delta IV and Lockheed
Martin Atlas V. These initiatives will reduce the cost of launch
of the Atlas, Delta and Titan space launch systems by 25%.
It is evident from past records that Alliant Techsystems has a
strong business alliance with The Boeing and Lockheed Martin, and
is continuously supporting their ULA mission. On Nov 18, 2013,
the company supplied critical hardware for the ULA's Atlas V
The proven track records of the components enable Alliant
Techsystems to become a trusted partner for the defense missions.
This factor is expected to play an important role to win more
contracts in the future.
Alliant Techsystems currently has a Zacks Rank #2 (Buy). Another
stock in the industry looking equally good is
), carrying a Zacks Rank #2.