On Tuesday, the Department of Defense announced that it has awarded Alliant Techsystems a $41 million firm-fixed-price contract to supply the Army with "high explosive incendiary with trace linked cartridges" -- large-caliber machine gun ammunition used to destroy unarmored vehicles and helicopters and suppress infantry and anti-tank positions.
Alliant, a primary supplier of ammunition to the military, was the sole bidder on the contract, which runs through an estimated completion date of Sept. 30, 2018.
The article Pentagon Awards Alliant Techsystems $41 Million Ammunition Contract originally appeared on Fool.com.
Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.