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Technology Stocks : Thiokol now Cordant Techologies (CDD) -- Ignore unavailable to you. Want to Upgrade?


To: Greg Jung who wrote (113)7/23/1999 12:01:00 PM
From: Carmine Cammarosano  Read Replies (1) | Respond to of 127
 
Greg, earnings out next week, I expect this stock to see $50...



To: Greg Jung who wrote (113)7/24/1999 2:49:00 PM
From: Carmine Cammarosano  Respond to of 127
 
July 13th, from Credit Suisse/First Boston: Our top mid/large cap pick in the commercial aerospace
industry is Cordant Technologies, which we rate a Strong Buy
with a $62 target price (over the next 12-18 months).




To: Greg Jung who wrote (113)8/25/1999 11:01:00 PM
From: Carmine Cammarosano  Read Replies (1) | Respond to of 127
 
Thiokol Propulsion Receives $1.7 Billion NASA Contract
BRIGHAM CITY, Utah, Aug. 24 /PRNewswire/ -- Thiokol Propulsion, a division of Cordant Technologies Inc. (NYSE: CDD - news), has signed a follow-on contract from the National Aeronautics and Space Administration (NASA) to continue producing reusable solid rocket motors (RSRM) for the Space Shuttle Program. The contract, valued in excess of $1.7 billion, extends Thiokol Propulsion's RSRM activities until May 2005.

This is the sixth in a series of contracts awarded to Thiokol Propulsion for the design, development, production and refurbishment of solid rocket motors for the Space Shuttle Program. Under its provisions, administered by NASA's Marshall Space Flight Center, Huntsville, Alabama, Thiokol Propulsion will deliver 70 flight motors, enough for 35 Space Shuttle flights, and three test motors. This will be accomplished using both new and refurbished hardware. Delivery of the first flight motor is scheduled for September 1999. The three test motors will be static fired at Thiokol's northern Utah facility to evaluate new materials and processes. The static tests are currently planned for May 2001, November 2002 and May 2004.