Defense and aerospace equipment provider
Alliant Techsystems Inc.
) received orders from the U.S. allies to supply ammunitions with
several calibers and ammunition services to the latter. The deal
value was $186 million.
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Alliant Techsystems' Defense Group will be responsible for this
contract. The company will roll out the deliveries from its
facilities in the U.S. and the ammunition services will take
place at the international customer facilities.
We remind investors that the U.S. defense force works jointly
with its allies for numerous international missions. The current
contact will enable its international counterparts to strengthen
their arsenal with modern and technologically advanced
ammunitions and other defense amenities, thereby countering
terrorist activities in a better way.
It is evident from past records that Alliant Techsystems receives
international contracts at regular intervals. The company
continues to pursue several initiatives, including participating
in international exhibitions, strengthening relationships with
the existing clients while adding new customers to its portfolio.
Alliant Techsystems participated in the Dubai Air Show and its
MC-27J multi-mission gunship got strong response from the foreign
customers. The Italian Air Force selected Alliant Techsystems and
another Italian company for the integration of Roll-On/Roll-Off,
palletized command and control, intelligence, surveillance and
reconnaissance (C2-ISR) and gun systems on the MC-27J
We believe the international platforms will help the company to
attract more overseas customers and subsequently gain more
In addition to delivering defense equipments to international as
well as the U.S. governments, Alliant Techsystems has a
significant presence in aerospace segment and has strong alliance
with the National Aeronautics and Space Administration (NASA) and
) and Airbus SAS.
Alliant Techsystems continues to keep its commitments in terms of
maintaining product and service standard along with delivery
timing. This helps the company to win more orders from different
government establishments as well as private organizations.
Alliant Techsystems currently has a Zacks Rank #2 (Buy). Some
other stocks in the industry looking equally good are
). While Astronics holds a Zacks Rank #1 (Strong Buy),
Curtiss-Wright carries a Zacks Rank #2 (Buy).