Orbital ATK, Inc. (OA) - NYSE
  • Mon, Jul. 18, 11:20 AM
    • Orbital ATK (OA +1%) has entered into a $68M long-term aerospace supply agreement with FLY of Italy, a division of the Forgital Group.
    • FLY will supply the seamless metallic V-groove ring assembly for the composite fan containment case manufactured by Orbital ATK.
    | Mon, Jul. 18, 11:20 AM
  • Mon, Jul. 11, 10:37 AM
    • Thales Alenia Space, a joint venture between Thales (OTC:THLEY) and Leonardo-Finmeccanica (OTCPK:FINMY), announces the signing of a new contract with Orbital ATK (OA +0.2%) to produce additional hardware for upcoming cargo resupply missions to the International Space Station.
    • Orbital is scheduled to complete 10 CRS-1 missions to the ISS before transitioning to launch cargo logistics missions under the CRS-2 contract in 2019.
    | Mon, Jul. 11, 10:37 AM
  • Wed, Jun. 22, 10:11 AM
    • Orbital ATK (OA -0.3%) has successfully completed its second cargo delivery mission in 2016 to the International Space Station under NASA's Commercial Resupply Services-1 contract.
    | Wed, Jun. 22, 10:11 AM
  • Wed, Jun. 15, 9:05 AM
    • Two companies with major Valley connections are getting ready to launch the next generation of satellite communications at a price of $3B.
    • Iridium Communications (NASDAQ:IRDM) is ready to begin launching its first batch of NEXT satellites on Sept. 12 in what will include 81 satellites and at least 10 launches.
    • Among its largest partners in the seven-year effort is Orbital ATK (NYSE:OA), which is assembling the satellites at its facility in Gilbert, Arizona.
    | Wed, Jun. 15, 9:05 AM
  • Mon, May 23, 3:21 AM
    • President Obama kicked off his three-day visit to Vietnam with an announcement declaring the end of a U.S. arms embargo on the country, a ban that had been in place for decades.
    • "We've come here as a symbol of the renewed ties....and the comprehensive partnership we have created over the course of my presidency," Obama said at a press conference.
    • The trip will also see the nations discuss the Trans-Pacific Partnership, which is expected to usher in a new period of growth for export-oriented Vietnam.
    • ETFs: VNM
    | Mon, May 23, 3:21 AM | 60 Comments
  • Thu, May 19, 10:38 AM
    | Thu, May 19, 10:38 AM
  • Thu, May 5, 8:01 AM
    • Net income of $76.9M, or $1.31 per diluted share vs. $67.9M, or $1.14 per diluted share in the same period a year ago.
    • Revenue by segment: Flight Systems +8.5%; Defense Systems -11.7%; Space Systems +50.2%.
    • Repurchased about $27M worth of stock and paid dividends of approximately $18M during the quarter.
    • Contract bookings of $2.5B; Firm backlog of $8.6B and total backlog of $14.8B.
    • Maintained outlook for 2016: Diluted EPS of $5.25-$5.50, on revenues of $4.575B-$4.65B.
    • Q1 results
    | Thu, May 5, 8:01 AM | 2 Comments
  • Thu, May 5, 6:03 AM
    • Orbital ATK (NYSE:OA): Q1 EPS of $1.31 in-line.
    • Revenue of $1.07B (-4.5% Y/Y) misses by $70M.
    • Press Release
    | Thu, May 5, 6:03 AM | 1 Comment
  • Wed, May 4, 7:18 AM
    • Orbital ATK (NYSE:OA) declares $0.30/share quarterly dividend, in line with previous.
    • Forward yield 1.37%
    • Payable June 23; for shareholders of record June 8; ex-div June 6.
    | Wed, May 4, 7:18 AM
  • Tue, May 3, 10:42 AM
    • Orbital ATK (OA -0.3%) has received orders totaling $210M to produce small caliber (.50, 5.56mm and 7.62mm) ammunition for the U.S. Army.
    • The small caliber ammunition will be produced at the Lake City Army Ammunition Plant in Missouri.
    | Tue, May 3, 10:42 AM | 1 Comment
  • Sun, Apr. 17, 8:46 AM
    • Shares of Aerojet Rocketdyne (NYSE:AJRD) closed at $16.53 on Friday, down from $22.77 last September. The drop was propelled by the disclosure that United Launch Alliance (a JV of Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA) that conducts the U.S. government's main launch service for deep-space missions) was moving its $100M/year business to AJRD competitor Orbital ATK (NYSE:OA).
    • Barron's is bullish on the stock, noting the following:
    • Aerojet has until 2019 to make up the loss (6% of its revenue); to wit, revenue grew 7% in the past year.
    • Shares are cheap: 6x Ebitda vs. 10x for its peers, according to large hedge-fund owner Jeremy Briendel of Royal Capital Management. He notes management's poor investor-expectation-management skills, and says the current price offers newcomers the chance to pick up an "elite collection of
      assets at historic low valuations."
    • Breindel has a $35/share valuation for Aerojet: With revenue of $1B last year, its defense unit generates cash flow of $132M. Defense companies generally trade at a multiple of 12x cash flow, so that alone gives Aerojet a valuation of $21/share. Until the contract with ULA ends in 2019, all of Aerojet's current work for the launch partnership generates about $46M in annual cash flow. Applying a 10x multiple to that figure adds about $6 a share. The rest of Aerojet's space business kicks in $62M n annual cash flow, or $8/share. He estimates its real estate at $4 a share, and $3/share in cash, for a total of $42, which will drop by a few dollars once the ULA contract ends. Deducting $553M in debt means ($7/share) brings us back to $35, or implied upside of more than 100%.
    • Now read Aerojet Rocketdyne's Restatements No Cause For Concern »
    | Sun, Apr. 17, 8:46 AM | 6 Comments
  • Tue, Apr. 12, 7:52 PM
    • Intelsat (I +8.9%) is signed up as the anchor customer for a robotic repair service that Orbital ATK (OA +0.1%) is offering to fix damaged satellites in orbit.
    • The initial deployment of what will be five servicing vehicles will act as an alternative jet maneuvering system, extending the life of existing satellites. Eventually, though, Orbital expects the fleet to do various fixes, up to assembling satellites in space.
    • Orbital's Mission Extension Vehicle will run a demo where it attaches to a defunct craft, but then fly to a low-fuel Intelsat bird and attach there, launching a five-year contract between the companies.
    • Adding five years or more to a satellite's life "provides an enormous amount of fleet flexibility," says Intelsat CEO Stephen Spengler. "The economic value of this is to enhance the revenue stream over longer periods."
    • Now read Orbital ATK: The Potential To Reach $100 Within A Year »
    | Tue, Apr. 12, 7:52 PM | 2 Comments
  • Tue, Apr. 5, 8:47 AM
    • Orbital ATK (NYSE:OA) is pressing U.S. lawmakers to end a ban on using decommissioned ICBMs for launching commercial satellites, raising concern among companies that have invested millions of dollars in potential rival rockets.
    • Vice President Barron Beneski said in an interview that the company was pushing Washington to get the prohibition lifted as part of the National Defense Authorization Act that sets defense policy for fiscal 2017, which begins Oct. 1.
    • The missiles were idled by nuclear disarmament treaties between the U.S. and Russia in the 1990s.
    • Now read Can Orbital ATK's Stock Launch To The Next Level?
    | Tue, Apr. 5, 8:47 AM | 2 Comments
  • Mon, Mar. 28, 8:02 AM
    • Orbital ATK's (NYSE:OA) Cygnus' spacecraft has successfully completed its berthing procedures with the International Space Station.
    • The mission marks the company’s fifth successful berthing with the orbiting laboratory, and the fourth under NASA’s Commercial Resupply Services contract.
    • Previously: Orbital ATK launches resupply mission to the ISS (Mar. 23 2016)
    | Mon, Mar. 28, 8:02 AM
  • Wed, Mar. 23, 7:45 AM
    • Orbital ATK (NYSE:OA) has launched its Cygnus spacecraft aboard an Atlas V rocket with approximately 7,900 pounds of cargo and small satellites that will be deployed directly from the spacecraft.
    • The launch marks the beginning of the company's fifth operational cargo resupply mission for NASA, and the first Cygnus to conduct scientific experiments onboard the spacecraft.
    • Previously: Orbital ATK preps fifth cargo mission to ISS (Mar. 21 2016)
    | Wed, Mar. 23, 7:45 AM | 1 Comment
  • Mon, Mar. 21, 12:39 PM
    • Orbital ATK (OA +1.2%) is in final preparations for the company's next enhanced Cygnus spacecraft mission to the International Space Station.
    • For the second time, the company will launch Cygnus atop a United Launch Alliance Atlas V rocket, carrying approximately 7,900 pounds of cargo.
    • Pending completion of final vehicle testing and acceptable local weather conditions, the launch is scheduled for tomorrow at 11:05 p.m. from Cape Canaveral.
    | Mon, Mar. 21, 12:39 PM | 1 Comment
Company Description
Orbital ATK, Inc. is a global aerospace and defense systems company. It designs, builds and delivers space, defense and aviation-related systems. The company operates through following segments: Flight Systems Group, Defense Systems Group and Space Systems Group. The Flight Systems Group segment... More
Industry: Aerospace/Defense Products & Services
Country: United States