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Orbital ATK (OA) Wins $16M Contract for Proximity Sensors

Zacks Equity Research
Updated

Orbital ATK, Inc. OA, a global leader in aerospace and defense technologies, has clinched an international contract worth $16 million for its DSU-33D/B proximity sensors through direct commercial sales. The company will begin deliveries around mid 2016.

The DSU-33D/B is a radio-frequency ranging sensor that can perceive the height of a weapon above the target zone to maximize its effectiveness.

The DSU-33 sensor has been an integral part of the arsenal of the U.S. and allied forces for more than a decade and Orbital ATK has delivered more than 155,000 sensors to the U.S. Air Force, Navy and allied nations since 1999. Moreover, it has begun the production of the Hard Target Void Sensing Fuze for the Air Force and is working on the development of a next-generation all-purpose bomb fuze.

Orbital ATK’s continually strives to introduce new products and services backed by the expertise of Alliant Techsystems Inc. and Orbital Sciences, which boosts the flow of contracts from the U.S. government and international defense establishments as well as National Aeronautics and Space Administration (NASA).

Recently, Orbital ATK has won contracts worth $210 million from the Army to supply small caliber ammunition. Notably, the company is the largest supplier of small caliber ammunition to the Army.

Per the deal, the company will manufacture a variety of small-caliber ammunition, comprising .50 mm, 5.56 mm and 7.62 mm caliber ammunition, for the U.S. government at the Lake City Army Ammunition Plant in Independence, MO.

Moreover, Orbital ATK has provided a wide array of products and services for the NASA for several missions. The company has been awarded the Commercial Resupply Services (CRS) contracts for ensuring commercial cargo delivery and disposal services to and from the International Space Station during the 2019–2024 time frame.

Value of new contracts received by the company during first-quarter 2016 has touched $3.2 billion. Orbital ATK expects a robust performance in 2016 backed by a solid backlog of $14.8 billion at the beginning of the year.

Zacks Rank & Key Picks

Orbital ATK currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same space include KLX Inc. KLXI, TransDigm Group Inc. TDG and CAE Inc. CAE. While both KLX and TransDigm Group sport a Zacks Rank #1 (Strong Buy), CAE has a Zacks Rank #2 (Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
TRANSDIGM GROUP (TDG): Free Stock Analysis Report
 
CAE INC (CAE): Free Stock Analysis Report
 
KLX INC (KLXI): Free Stock Analysis Report
 
ORBITAL ATK INC (OA): Free Stock Analysis Report
 
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