Alliant Techsystems Inc.
) continues to provide several components to
Orbital Sciences Corp.
) for its numerous space missions. The company recently announced
that Orbital Sciences has installed its Planar Unfolding Modular
Array ("PUMA") solar arrays on the SES-8 satellite. Orbital
Sciences' satellite was launched last night.
With this delivery, Alliant has completed its 90th successful
on-orbit deployment of its solar array wing. The company's Space
Components division was responsible for this delivery.
The PUMA solar array has low non-recurring engineering cost, low
operation risk and can be deployed easily on a satellite. It is
suitable for both small and large satellites. The solar array is
used to power Orbital Sciences' Star-2 geostationary Earth orbit
("GEO") family satellites. It is also utilized on the Global
Orbital Sciences manufactures small and medium class space and
rocket systems. The company offers engineering, production and
technical services for the space programs of National Aeronautics
and Space Administration ("NASA"), U.S. Department of Defense,
and several commercial and academic organizations.
The solar array has 100% flight success track-record with
installation of approximately 50 solar array wings on-orbit. We
believe higher demand for this solar array is mainly due to its
strong success rate. The proven track record of the components
enabled Alliant to become a trusted partner for these specialized
Earlier, Alliant had supplied its PUMA solar array to several
organizations including Israel Aerospace Industries and
The Boeing Company
). In Jan 2013, Alliant entered into an agreement with Israel
Aerospace Industries. As per the deal, the company will provide
PUMA solar array to power Israel Aerospace's Affordable Modular
It is evident from past record that Alliant has a strong
relationship with Orbital Sciences. In Aug 2013, the company
received a contract from Orbital Sciences to deliver a couple of
products and offer services for Orbital's Air Launch Vehicle.
Alliant intends to keep its commitments in terms of maintaining
product and service standards along with delivery timing. This
helps the company to win orders from different government
establishments as well as private organizations at regular
intervals, thus ensuring a stable revenue flow.
Arlington, Va.-based Alliant Techsystems Inc. provides aerospace
and defense products to the U.S. government agencies. The company
currently has a Zacks Rank #1 (Strong Buy). Another stock from
the industry that is presently performing well is
) with a Zacks Rank #2 (Buy).
ALLIANT TECHSYS (ATK): Free Stock Analysis
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