Alliant Wins Pentagon Nuclear and Ammo Contracts Worth $30 Million

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

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.

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

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.

Compare Brokers

Fool Disclosure

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: 2283768, ~/Articles/ArticleHandler.aspx, 9/26/2016 12:16:33 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...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

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

12/31/1969 7:00 PM
ATK.DL $0.00 Down +0.00 +0.00%
Alliant Techsystem… CAPS Rating: ****
BA $131.78 Down -0.09 -0.07%
Boeing CAPS Rating: ****
GD $153.81 Down -1.05 -0.68%
General Dynamics CAPS Rating: ****
OLN $18.89 Down -0.16 -0.84%
Olin Corporation CAPS Rating: ***