Orbital ATK, Inc.NYSE
Buying Orbital Is Not Biting The Bullet
Orbital ATK: Now It's Just A Matter Of Rocket Science
Chris DeMuth Jr. • 35 Comments
Chris DeMuth Jr. • 35 Comments
Mon, Oct. 17, 10:45 PM
- Orbital ATK (NYSE:OA) successfully launched an unmanned Antares rocket tonight with a cargo ship for the International Space Station, marking the booster's return to flight two years after a previous version exploded during liftoff.
- The spacecraft blasted off from Wallops Island, Va., containing small satellites, supplies and science experiments for the space station, in OA’s sixth mission under a contract with NASA to deliver ~63K lbs. of cargo to the lab.
- The rocket was powered by a pair of new Russian-built main engines that replaced older-design Russian hardware manufactured in the 1970s, after the last Antares launch in October 2014 ended in disaster a few seconds after liftoff.
Thu, Oct. 13, 5:01 AM
- After an earlier version blew up in October 2014, Orbital ATK's (NYSE:OA) new, larger Antares rocket is scheduled for lift-off on a cargo mission to the International Space Station at 21:13 ET from Wallops Island, Virginia.
- It will be the sixth cargo mission to the ISS for Orbital ATK that will be packing about 2,400 kilograms of crew supplies and research gear inside its Cygnus spacecraft.
- This map shows the regions of visibility for the nighttime launch.
Tue, Aug. 16, 5:30 PM
Wed, Aug. 10, 12:47 PM
Wed, Aug. 10, 12:18 PM
- Orbital ATK (OA -20.4%) plunges after saying it will miss the filing deadline for its most recent quarter and restate more than a year of results due to accounting issues.
- OA says it had failed to meet cost-cutting targets at an ammunition plant it manages for the Army in Missouri that left it with up to $450M in losses rather than breaking even on the fixed-price contract won in 2012.
- OA says it does not believe there was any fraud involved, CEO David Thompson said in a conference call after the company reported better than expected Q2 earnings but lowering full-year revenue guidance.
Wed, Aug. 10, 11:16 AM
- Cowen downgrades Orbital ATK (NYSE:OA) to Market Perform from Outperform following the company's Q2 results.
- The stock nosedived in early trade and is now down over 20%.
Wed, Aug. 10, 9:17 AM| Wed, Aug. 10, 9:17 AM | 4 Comments
Wed, Aug. 10, 7:33 AM
- Adjusted net income of $79M, or $1.35 per diluted share vs. $58.8M, or $0.98 per diluted share in the same period a year ago.
- Revenue by segment: Flight Systems -5.4%; Defense Systems +8.6%; Space Systems -10.8%.
- Repurchased about $18M worth of stock and paid dividends of approximately $17M during the quarter.
- Contract bookings of $1.6B; Firm backlog of $8.5B and total backlog of $15.2B.
- Adjusted its guidance for 2016: Diluted EPS to $5.30-$5.50 (from $5.25-$5.50), on revenues of 4.45B-$4.5B (from $4.575B-$4.65B).
- OA -3.8% premarket
- Q2 results
Wed, Aug. 10, 6:18 AM
Tue, Aug. 9, 5:30 PM
Tue, Aug. 9, 9:08 AM
- Orbital ATK (NYSE:OA) receives an $11M contract to provide sustained CLS services including all maintenance and support training for the modified aircraft fleet currently used by the Iraqi Air Force.
- Additional options, if exercised, would bring the cumulative value of the contract to $118M and extend the period of performance through 2020.
Thu, Aug. 4, 8:35 AM| Thu, Aug. 4, 8:35 AM | 5 Comments
Thu, Aug. 4, 5:25 AM
- After six years of effort and about $30M in investments, space-exploration startup Moon Express has become the first commercial venture to get U.S. regulatory authorization for a mission beyond Earth's orbit.
- The company expects to send a small robotic lander to the moon in late 2017, and eventually plans to send people there and may get involved in lunar mining.
- The announcement has been closely watched across the burgeoning commercial-space industry: SPACE, BA, LMT, OA, OTCPK:MDDWF
Wed, Aug. 3, 9:24 AM
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.