Alliant Techsystems Wins $45 Million Gun Contract
When Alliant Techsystems reported its fiscal Q1 2014 earnings earlier this week, beating expectations and raising guidance for the rest of this year, key to its promises of revenue growth were revenues from its new Caliber Company unit -- expected to produce upwards of $180 million in revenues this year. That's an impressive number... until you realize that on Friday, Alliant's organic business operations scored a revenue commitment 25% as large as that, and in just one day.
On Friday, Alliant Techsystems announced it has won a $45 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract from the Department of Defense. Under the terms of this contract, Alliant will supply 30 mm automatic weapons and related spare parts and tooling needed to equip U.S. Navy Littoral Combat Ships and Air Force special operations MC-130 aircraft with these weapons.
While, generally speaking, the MC-130 is a transport aircraft, Air Force Special Operations Command MC-130W "Dragon Spears," at least, are known to be equipped with such 30 mm guns.
Alliant's work on this contract is expected to be complete by August 2018.
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