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Thu, Feb. 11, 8:42 AM
- Orbital-ATK (NYSE:OA) has opened a regional office in Singapore to serve customers in Asia, marking its third new international location launched in the past three months.
- The company is following a deliberate process of increasing its availability to and direct engagement with customers and industry partners.
Mon, Feb. 8, 9:24 AM
Thu, Feb. 4, 8:52 AM
Wed, Jan. 20, 8:38 AM
- Lockheed Martin (NYSE:LMT) has awarded a $14M contract to Orbital ATK (NYSE:OA) to produce its Guided Multiple Launch Rocket System Alternative Warhead for the U.S. Army.
- In tests, the warheads with Lethality Enhanced Ordnance technology achieved the Army's stated requirements for area effects, but left behind no unexploded ordnance, a major accomplishment for the design.
Fri, Jan. 15, 11:49 AM
- Orbital ATK (OA -2.9%), SpaceX and Sierra Nevada are tapped by NASA as the commercial contractors for a new round of unmanned missions worth as much as $14B to resupply the International Space Space Station from 2019-24.
- OA has had four successful missions to the International Space Station and SpaceX has six, but both companies also have each suffered a launch failure in the performance of the previous contracts; Sierra Nevada is a newcomer to NASA’s commercial resupply services.
Thu, Jan. 14, 7:41 AM
- The U.S. Air Force has awarded contracts to Orbital ATK (NYSE:OA) and SpaceX to develop prototypes of new rocket engines under a broader effort aimed at ending reliance on Russian-made engines.
- Orbital ATK won an initial contract worth $47M to develop three rocket propulsion system prototypes for the Air Force's Evolved Expendable Launch Vehicle program, with the company slated to invest $31M.
- Total potential government investment under the contract, including all options, is $180M, with Orbital ATK slated to contribute a total of $125M.
Mon, Jan. 4, 12:59 PM
- Goldman Sachs analysts "really like defense” but they nevertheless remove Lockheed Martin (LMT -1.9%) from their Conviction Buy List.
- The firm says it still wants to own LMT's positioning and quality but now prefers Orbital ATK (OA -0.8%) due to its exposure to long-cycle defense, the short cycle recovery and increased spending in space; OA is seen growing sooner and faster than peers, and recent bookings strength may generate a lot of upside to earnings expectations.
- Earlier: FLIR Systems upgraded to Buy at Goldman
Mon, Jan. 4, 7:52 AM
- Goldman Sachs has raised Orbital ATK (NYSE:OA) to Conviction Buy from Buy, with a price target of $109 (from $104).
- Analyst Noah Poponak: Orbital is well positioned to grow faster and sooner than the average defense company given differentiated growth opportunities in environmental satellites and precision guided weapons, which should drive very strong free cash generation and capital deployment over the next several years.
- OA shares have risen 45% since the Orbital-ATK merger on Feb. 10.
Dec. 22, 2015, 7:30 AM
- CL King starts Orbital ATK (NYSE:OA) with a Buy rating, with a $102 price target on shares.
- The positive outlook for the company is reinforced by double digit earnings growth, a solid backlog and book-to-bill, merger synergies and cost savings, and political instability around the world that should drive defense spending, said analyst George Godfrey.
Dec. 7, 2015, 7:30 AM
- An Orbital ATK (NYSE:OA) capsule lifted off from Cape Canaveral on Sunday laden with more than 7K pounds of scientific equipment bound for the International Space Station.
- The successful launch follows two failures. An Orbital rocket exploded seconds into a mission in October 2014, and SpaceX's Falcon 9 rocket blew up en route to the orbiting lab in June.
Dec. 3, 2015, 6:53 PM
- Bad weather scrubbed a launch by Orbital ATK (OA -2.5%), in what would be a resumption of cargo runs to the International Space Station slightly more than a year after an Antares rocket exploded just after liftoff.
- The company had to skip a launch window at 5:55 p.m. today, and reset for an opportunity at 5:33 p.m. Friday.
- The launch planned to take an Orbital Cygnus craft on top of an Atlas 5 rocket, carrying 7,700 pounds of food, clothing, supplies and experiments (including a modular satellite kit and a pair of Microsoft HoloLens headsets).
- Orbital had elected to go with the Atlas rockets, made by United Launch Alliance (BA, LMT), after the failure of a refurbished Soviet-era motor sold by Aerojet Rocketdyne (NYSE:AJRD) for the Antares.
- Orbital is competing against SpaceX and Sierra Nevada for follow-on cargo delivery contracts expected to be awarded next month.
- Previously: Boeing dropped from NASA's space station cargo flight competition (Nov. 05 2015)
- Previously: In setback for Aerojet Rocketdyne, ULA picks Orbital ATK motors (Sep. 22 2015)
Nov. 27, 2015, 2:39 PM
Nov. 26, 2015, 5:03 AM
- President Obama has signed a sweeping defense policy bill into law despite provisions that make it harder to close the Guantanamo Bay military prison.
- The legislation authorizes $607B in annual defense spending and "includes vital benefits for military personnel, facilitates ongoing operations around the globe, and important reforms to the military retirement system."
- Related tickers: GD, BA, NOC, LMT, RTN, OA, HII, HON, UTX, ITT, TXT, LLL, COL
Nov. 16, 2015, 10:33 AM
- Aerospace and defense shares are on the rise after calls to increase efforts to crush ISIS, the terrorist group responsible for Friday's attacks in France.
- Previously: World leaders wrap up G20 summit (Nov. 16 2015)
- Previously: French warplanes strike Islamic State targets in Syria (Nov. 15 2015)
- Related tickers: General Dynamics (GD +0.6%), Boeing (BA +0.2%), Northrop Grumman (NOC +3.2%), Lockheed Martin (LMT +2.5%), Raytheon (RTN +2.4%), Orbital ATK (OA +3.8%), Rolls-Royce (OTCPK:RYCEY +2.2%), Huntington Ingalls (HII +1.1%), Honeywell (HON +0.9%), United Technologies (UTX +0.4%), Airbus (OTCPK:EADSF), ITT (ITT +0.6%), Textron (TXT +1.7%), L-3 Communications (LLL +2.3%), BAE Systems (OTCPK:BAESY +2%), Finmeccanica (OTCPK:FINMY), Rockwell Collins (COL +1.7%).
Nov. 12, 2015, 10:55 AM| Nov. 12, 2015, 10:55 AM | 2 Comments
Nov. 5, 2015, 5:05 PM
- Boeing (NYSE:BA) says its bid to fly cargo to the International Space Station has been eliminated from NASA’s competition.
- Boeing was offering an unmanned version of its Starliner CST-100 space taxi, under development as part of a separate NASA program to transport crew and cargo to the space station.
- Orbital ATK (NYSE:OA) and Elon Musk's privately owned SpaceX currently hold station cargo delivery contracts worth more than $3.5B; OA confirms it remains in the running for a follow-on contract.
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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