Alliant Techsystems Inc.
) has received an order from
Orbital Sciences Corp.
) to deliver several products and offer services for Orbital's
Air Launch Vehicle (ALV). The company's Aerospace Group will be
responsible for this contract.
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Per the agreement, Alliant will provide first and second stage
propulsion for Orbital Sciences' ALV. Orbital is designing and
manufacturing the ALV for Stratolaunch Systems Corp. as part of
an air-launched space transportation system. In addition, Alliant
will also provide designing and development assistance as well as
flight hardware to Orbital Sciences.
These highly engineered propellants will be able to streamline
operations and minimize requirements for ground support
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.
Alliant has a strong business association with Orbital Sciences.
Previously, the company supplied motors for Orbital's Pegasus,
Taurus, Minotaur and Antares space launch vehicles.
Alliant has produced over 1600 commercial solid rocket motor to
date. The company's motors are in demand due to its strong
success rate. Earlier Alliant had supplied motors for
The Boeing Company
) Delta II and Delta IV space launch vehicles.
Alliant strives 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.
We note that the acquisition of Caliber Co. is expected to be a
key catalyst for Alliant's future performance, given the
improving demand for sporting goods in the U.S.
Alliant 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).