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Alliant Wins Pentagon Nuclear and Ammo Contracts Worth $30 Million

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On Wednesday, the Department of Defense announced the award of two contracts worth a combined $29.6 million to aerospace and munitions supplier Alliant Techsystems (NYSE: ATK  ) .

The first award, a $9.9 million firm-fixed-price contract, directs Alliant to support "solid rocket motor warm line smart transition efforts" related to the Boeing (NYSE: BA  ) LGM-30G Minuteman III intercontinental ballistic missile, the last-remaining land-based ICBM in the U.S. nuclear arsenal. According to the U.S. Air Force, the U.S. had 450 Minuteman IIIs in its arsenal as of July 2010. Work on this contract is to be completed by Sept. 30, 2014.

The second award, again a firm-fixed-price contract but for $19.7 million, modifies an existing contract and directs Alliant to supply an unspecified number of 120mm tank training rounds. Alliant, along with Olin Corp (NYSE: OLN  ) and General Dynamics (NYSE: GD  ) , is one of the primary suppliers of ammunition to the U.S. military. Work on this contract is to be completed by March 31, 2014.


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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.

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Related Tickers

12/31/1969 7:00 PM
ATK $0.00 Down +0.00 +0.00%
Alliant Techsystem… CAPS Rating: ****
BA $143.15 Up +2.63 +1.87%
The Boeing Company CAPS Rating: ****
GD $143.65 Up +0.31 +0.22%
General Dynamics CAPS Rating: ****
OLN $25.00 Down -0.59 -2.31%
Olin Corp CAPS Rating: *****

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