ATK Gets Contract - TheStreet

ATK Gets Contract

The component supply deal is with Northrop.
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Weapons and space systems company

Alliant Techsystems

(ATK)

got a contract of supplying above $65 million worth of key components and subsystems to

Northrop Grumman

(NOC) - Get Report

for the James Webb Space Telescope.

ATK will provide graphite fiber structures that support the science instrument optical bench and the 6.3-meter diameter primary mirror. Additionally, the Edina, Minn.-based company would provide thermal testing for composite structures that characterize material behavior across a wide spectrum of temperature differentials down to nearly 460 degrees below zero fahrenheit.

ATK's backlog on the JWST extends to 2009, and it is scheduled to be launched no earlier than June 2013.

The company's shares were trading at $78.08, down 2 cents Tuesday.

This story was created through a joint venture between TheStreet.com and IRIS.