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Stock Market & Financial Investment News

News Breaks
January 12, 2014
16:23 EDTORBOrbital's Cygnus spacecraft successfully berths with International Space Station
Orbital Sciences announced that its Cygnus cargo logistics spacecraft successfully completed its rendezvous and approach maneuvers with the International Space Station, ISS, and was grappled and berthed with the station by the Expedition 38 astronaut crew earlier this morning. After Cygnus was launched into orbit by Orbital’s Antares rocket on Thursday, January 9 from NASA’s Wallops Flight Facility, it completed a series of thruster firings and other maneuvers bringing the spacecraft in close proximity to the ISS. Final approach to the station began at about 3:00 a.m. EST this morning, culminating with the station’s robotic arm grappling the spacecraft at 6:08 a.m. when it was about 30 feet from the ISS. Cygnus was then guided to its berthing port on the nadir side of the ISS’ Harmony module where its installation was completed at 8:05 a.m. Under a $1.9B CRS contract with NASA, Orbital will use Antares and Cygnus to deliver up to 44,000 pounds of cargo to the ISS over eight missions, including the mission currently underway, through late 2016. For these missions, NASA will manifest a variety of essential items based on ISS program needs, including food, clothing, crew supplies, spare parts and equipment, and scientific experiments.
News For ORB From The Last 14 Days
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November 24, 2014
09:21 EDTORBOrbital awarded contract by NASA for Pegasus rocket to launch ICON satellite
Orbital Sciences Corporation announced that the National Aeronautics and Space Administration has awarded the company a contract for its Pegasus rocket to launch the space agency’s Ionospheric Connection Explorer scientific satellite into low Earth orbit. With the selection of Orbital’s air-launched Pegasus rocket, NASA is again turning to Orbital to provide both the satellite and launch vehicle for an important science mission based on advanced and cost-effective smaller space systems.
November 19, 2014
17:30 EDTORBATK reaffirms FY15 standalone guidance
17:25 EDTORBATK Sporting strategy remains on track
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17:23 EDTORBATK board continues to support merits of Orbital transaction
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17:18 EDTORBATK says CRS impact on Orbital earnings, cash flow minimal
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November 18, 2014
12:51 EDTORBOrbital awarded $185M contract by NASA
Orbital Sciences Corporation announced that its Technical Services Division in Greenbelt, MD was awarded a contract by NASA to operate the space agency’s Science Balloon Operations program. The contract, which was won in a competitive selection process, is valued up to approximately $185M over its five-year term.
November 17, 2014
18:01 EDTORBATK, Orbital continue to support plans for merger
Alliant Techsystems (ATK) and Orbital Sciences (ORB) announced that the two companies have set January 27, 2015 as the new date for their separate, special stockholder meetings in connection with the proposed transaction to spin off ATK's Sporting Group business and immediately thereafter, merge ATK's Aerospace and Defense Groups with Orbital. On October 28, both companies communicated they would hold separate, special stockholder meetings on December 9, for ATK stockholders to vote on the issuance of shares to stockholders of Orbital and for Orbital stockholders to vote on the proposed transaction. Following this announcement on October 28, a failure occurred during Orbital's Antares launch. Since the incident, the companies have conducted a thorough review and analysis of the launch failure and Orbital's proposed recovery plan and long-term competitive position. Following this review, ATK's board of directors continues to support the strategic merits of the transaction and recommends that ATK stockholders vote to approve the issuance of shares to Orbital stockholders. Orbital's board of directors also continues to recommend that Orbital stockholders vote to approve the proposed transaction. As a result of the Antares launch failure and the time required to complete the subsequent review process, the companies have postponed the special stockholder meetings until January 27, 2015, to be held at each company's respective corporate headquarters. ATK and Orbital stockholders of record as of the close of business on December 16 will be entitled to vote at their respective special stockholder meetings. The record date for the spinoff will be determined and publicly announced at a later date. The transaction is expected to close in February 2015, and is subject to customary closing conditions including regulatory approvals and the approval of both ATK's and Orbital's stockholders. Additional information concerning the special meetings and the transaction will be included in an amendment to the ATK registration statement on Form S-4, which will be filed with the Securities and Exchange Commission and, once declared effective, the joint proxy statement/prospectus will be mailed to ATK and Orbital stockholders who are entitled to vote at the respective special meetings.

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