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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.
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
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. 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%).
Sep. 25, 2015, 10:58 AM
- Aerojet Rocketdyne (AJRD -1.5%) is considering raising its $2B offer for United Launch Alliance, a rocket launch venture of Boeing (BA +0.4%) and Lockheed Martin (LMT -0.3%), but faces big hurdles after a rejection of the bid last week, Reuters reports.
- AJRD faces an uphill climb given growing tensions between the two companies over the past few years, according to the report; earlier this week, ULA dumped AJRD as its solid rocket motor supplier and signed a long-term deal with its rival Orbital ATK (OA -0.5%).
- An AJRD takeover of ULA also would require Russia to give its regulatory approval and transfer a technology license for use of the Russian RD-180 engine that powers ULA's Atlas V rocket, the report says.
- Analysts have questioned how AJRD could raise the money for the deal, and even whether is worth $2B given the changing space market.
Mar. 25, 2015, 9:52 AM
- Orbital ATK (OA -2.6%) is lower today on the downgrade, but ahead by more than 20% in a little more than a month since the merger.
- Related: Orbital ATK: Now It's Just A Matter Of Rocket Science (Feb. 11)
Jan. 28, 2015, 4:38 PM
- Alliant Techsystems (NYSE:ATK): FQ3 EPS of $3.02 beats by $0.14.
- Revenue of $1.25B (+3.3% Y/Y) in-line.
- Shares +1.9%.
Dec. 10, 2014, 8:06 AM
- Orbital Sciences (NYSE:ORB) has selected a United Launch Alliance Atlas 5 rocket to launch its next ISS cargo ship in late 2015 and a second freighter in 2016 if needed.
- The move follows October's Antares rocket explosion which occurred due to a problem with the booster's refurbished Soviet-era engine.
- ORB -3.3% premarket
Oct. 29, 2014, 2:25 PM
- Orbital Sciences (ORB -16%) said in a conference call in the last hour that the failed Antares rocket launch does not change its 2014 financial view as the costs are covered by insurance, and added that its merger agreement with Alliant Technologies (ATK -5.4%) does not include a provision for launch failures.
- ORB expects some delay to the April launch, with three months a best case but perhaps considerably longer depending on what is found in the review of the explosion; the company hopes a delay would not be more than a year.
- Shares have resumed trading after a halt.
- Earlier: ATK to evaluate plans for unit merger with Orbital following rocket disaster
Oct. 29, 2014, 12:45 PM
Oct. 29, 2014, 12:24 PM
- Alliant Techsystems (ATK -4.6%) says it is evaluating previously announced plans to merge its aerospace and defense businesses with Orbital Sciences (ORB -16%) following last night's explosion of a rocket carrying supplies for the international space station.
- Analysts at RBC Capital say a likely cause of the explosion is the AJ-26 main engine, which are decades-old NK-33 Russian rocket engines that have been refurbished by a division of GenCorp (GY -7.1%); RBC says one of the AJ-26 engines in fact exploded this May during testing.
- Stifel analysts say that while ORB’s launch insurance should cover losses, they expect additional work at ORB to be slowed while the cause is investigated; the firm thinks a 16% selloff would appear to price-in the near-term worst case and would be buyers below $28.
Oct. 29, 2014, 9:15 AM
Oct. 28, 2014, 6:56 PM
- Orbital Sciences (NYSE:ORB) -13.2% AH after its commercial supply ship bound for the International Space Station exploded moments after liftoff at Wallops Island, Va.
- NASA is paying ORB and SpaceX to keep the space station stocked in the post-shuttle era; this is the first disaster in that effort.
- ORB says no one was believed to be hurt and the damage appeared to be limited to the facilities.
Jun. 24, 2014, 5:38 PM
Apr. 29, 2014, 12:46 PM
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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