Tue, Aug. 11, 10:33 AM
Fri, Aug. 7, 8:19 AM
- More Export-Import Bank woes are hitting U.S. industries. The shutdown of the federal credit agency is threatening Orbital-ATK's (NYSE:OA) bid to build a second satellite for the government of Azerbaijan.
- The company cannot finance the satellite deal by itself, Orbital spokesman Barry Beneski said. "That's not that business we're in. It's not an efficient use of our capital."
Thu, Aug. 6, 10:12 AM
- Net income of $76.6M, or $1.28 per diluted share vs. $65.9M, or $1.10 per diluted share in the same period a year ago.
- Revenue by segment: Flight Systems +8.3%; Defense Systems -0.3%; Space Systems +16.7%.
- Repurchased about $25M worth of stock during the quarter.
- Contract bookings of $1.36B; Firm backlog of $8.4B and total backlog of $12.2B.
- Orbital-ATK (OA +5.7%) now expects full-year diluted EPS of $4.60-$4.80, on revenues of $4.425B-$4.5B. Prior guidance was FY15 EPS of $4.40-$4.60 on revenues of $4.35B-$4.450B.
- Q2 results
Thu, Aug. 6, 6:06 AM
Wed, Aug. 5, 9:14 AM
Fri, Jul. 24, 9:09 AM| Fri, Jul. 24, 9:09 AM | 2 Comments
Tue, Jul. 14, 9:43 AM
- Orbital ATK (OA) has received a $23.6M contract from the U.S. Air Force's Operationally Responsive Space Office to launch a ORS-5 SensorSat spacecraft in mid-2017.
- The ORS-5 mission will employ an Orbital ATK Minotaur IV rocket lifting off from Launch Complex-46 at Cape Canaveral, marking the first time a Minotaur vehicle will have flown from this range.
Tue, Jul. 7, 10:03 AM| Tue, Jul. 7, 10:03 AM | Comment!
Fri, Jul. 3, 7:02 AM
- Following several failed launches, a Russian Soyuz rocket blasted off this morning to deliver a cargo ship loaded with food, water and equipment to the International Space Station.
- Friday's liftoff comes five days after a SpaceX Falcon 9 rocket disintegrated after launch from Cape Canaveral, a botched Russian mission in April, and the Orbital-ATK (NYSE:OA) rocket explosion last October.
- The three disasters cast a big shadow over current national space programs and the still emerging space transport industry.
- Related: Rocket disaster won't bump SpaceX from competition (Jul. 02 2015)
Thu, Jul. 2, 8:49 AM
Mon, Jun. 29, 5:20 AM
- SpaceX suffered a major setback on Sunday when its Falcon 9 rocket bound for the International Space Station disintegrated shortly after liftoff from Cape Canaveral, FL.
- The incident spells bad news for Elon Musk, who received approval last month to start launching Air Force satellites and some U.S. spy satellites aboard the Falcon 9. The rockets are now expected to be suspended.
- Orbital-ATK (NYSE:OA), the only other U.S. company able to resupply the orbiting laboratory, is also struggling to resume its flights to the ISS, following a rocket explosion last October.
Thu, May 28, 7:30 AM
- Net income of $67.5M, or $1.14 per diluted share vs. $39.5M, or $0.67 per diluted share in the same period a year ago.
- Adjusted free cash flow of $58.7, including $110M of cash from operations and capex of $51.3M.
- Revenue by segment: Flight Systems -5%; Defense Systems -4%; Space Systems +5%.
- Firm backlog of $7.97B and total backlog of $12.1B.
- Guidance for 2015: Diluted EPS of $4.40-$4.60 on revenues of $4.35B-$4.450B.
- Q1 results
- OA +0.2% premarket
Thu, May 28, 6:01 AM
Wed, May 27, 5:30 PM
Thu, Apr. 16, 3:37 AM
- To ensure that all possible causes were properly addressed, the FAA now says it will carefully review the Orbital ATK-led investigation into October's Antares rocket disaster.
- "We eagerly look forward to seeing what they have to say...and agree with it before allowing them to go ahead with future launches," a top FAA official said.
- Orbital (NYSE:OA) has blamed the explosion on excessive wear in the bearings of the rocket's AJ-26 engine, although GenCorp (NYSE:GY), the refurbisher of the engine, maintains the root cause to be debris.
- Previously: GenCorp, Orbital scuffle over cause of rocket explosion (Apr. 15 2015)
Wed, Apr. 15, 3:05 AM
- GenCorp (NYSE:GY) snapped back at Orbital ATK (NYSE:OA) late on Tuesday after the latter blamed the Oct. 28 Antares rocket explosion on excessive wear in the bearings of its AJ-26 engine.
- GenCorp spokesman Glenn Mahone said Orbital's statement was "inaccurate and could be misleading," and stated that its own probe found the root cause to be debris in the engine.
- Orbital's fifth Antares rocket launch ended 15 seconds after liftoff from Wallops Island, Virginia, carrying 5,000 pounds of cargo bound for the International Space Station.
- Previously: Antares rocket explosion probe to be completed by end of March (Mar. 13 2015)
- Previously: Orbital Sciences unmanned rocket blows up on liftoff (Oct. 28 2014)
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Orbital ATK Inc designs, builds & delivers space, defense & aviation-related systems as a contractor & as a merchant supplier. Its main products include launch vehicles & related propulsion systems; satellites & associated components & services; & others.
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