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Alliant Techsystems Inc. (ATK - Analyst Report) has received an order from Orbital Sciences Corp. (ORB - Snapshot Report) 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.

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 infrastructure.

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’s (BA - Analyst Report) 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 Curtiss-Wright Corporation (CW - Snapshot Report) with a Zacks Rank #2 (Buy).

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