Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

1

Emcore Wins $7.4 Million Contract for Military Satellite Work

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Tuesday, the U.S. Department of Defense announced that it has awarded semiconductor manufacturer Emcore (NASDAQ: EMKR  ) a $7.4 million cost-plus-fixed-fee contract under the Advanced Multi-Junction Space Cell Producibility Program. 

The objective of the program is to develop small, high-efficiency solar cells for use on small, military-space satellites. Small, because it costs a lot of money to lift anything into space -- solar cells included. High-efficiency, because unlike solar panels on Earth, once a satellite has been lofted into orbit, it's pretty much up there for the duration and devilishly expensive to upgrade to keep up with advances in technology.

Hence, the military wants to make sure that the solar-power panels installed on its satellites are as close to cutting-edge efficient as possible, up to the moment they launch. Details on past government solicitations under this program specify that the military is looking for solar panels that are at least 33% efficient -- i.e., capable of converting 33% of the light-energy they receive into electricity.

Emcore is expected to complete work on this contract by April 13, 2018.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2251548, ~/Articles/ArticleHandler.aspx, 8/31/2015 3:15:43 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated 2 days ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 3:59 PM
EMKR $7.06 Up +0.19 +2.77%
EMCORE Corp CAPS Rating: **