Alliant Techsystems Inc.
) has received an order from the aerospace and defense major
The Boeing Co.
). Per the contract, the company will provide several
substructural composite components, including center fuselage and
aft fuselage to Boeing.
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Boeing will utilize these components in its 787-9 and 787-10
airplanes. The delivery of these elements is scheduled to start
Boeing will use composite materials to manufacture the primary
structure of the aircraft. This will make the plane lighter and
stronger than conventional aluminum-made airplane. The airplanes
will be more fuel efficient compared to its predecessors.
It is evident from past record that Alliant has strong ties with
Boeing. The company has already offered several types of products
and services to Boeing's different projects. The company has
supplied composite structures to Boeing for its 767 and 757
airplanes, C-17 Globemaster, F-18 fighter and V-22 Osprey.
We note that Alliant's high quality of products and services also
attracts other airplane manufacturers. Earlier, the company had
provided aft fan composite cases to Rolls-Royce's new Trent
XWB-97 engine for the European airplane major Airbus' A350-1000
Alliant also supports Boeing's complex space projects in terms of
offering numerous components for the GPS II-F satellites, and
Delta II and Delta IV launch vehicles.
It is evident from Alliant's order book that the company wins
orders at regular intervals from the U.S. and foreign government
establishments and private companies. On Jan 13, 2014, the
company received an order from the U.S. Army to provide SERPA for
the army's Improved Modular Tactical Holster Program.
Alliant is currently following a systematic inorganic growth
strategy to expand its product offering and scale of operations.
This initiative will not only help Alliant to deliver products
and services on time and gain more orders in the future but also
cope with increased customer demand.
Alliant currently has a Zacks Rank #1 (Strong Buy). Some other
stocks in the aerospace and defense industry looking equally good
Orbital Sciences Corporation
TransDigm Group Incorporated
), each with a Zacks Rank #1 (Strong Buy).