Antinuclear

Australia good customer for USA weapons firms

This Week in Defense – Investor Center 18 Aug 13, “…………contracts that may not yet be incorporated into defense contractors’ stock prices.

Early in the week, we learned of one such potential contract, when the Defense Security Cooperation Agency notified Congress that Australia has asked for permission to buy up to 4,002 M1156 Precision Guidance Kits from munitions maker Alliant Techsystems . These kits are used to convert basic “dumb” howitzer rounds into “smart munitions” — projectiles that can change their trajectory in-flight, and use GPS signals to guide them to within 50 meters of their intended target.

If approved by Congress, or indeed, even if Congress simply fails to deny approval of the sale within 15 days of notification, this sale should go through, and result in $54 million in incremental revenues for ATK. ……..http://www.dailyfinance.com/2013/08/18/this-week-in-defense-italys-1st-f-35-and-rockets-f/

August 19, 2013 - Posted by Christina Macpherson | General News