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News Breaks
February 20, 2014
08:38 EDTORBOrbital Sciences signs commercial launch contract with Skybox Imaging
Orbital Sciences Corporation has signed a commercial launch contract with Skybox Imaging to carry six high-resolution imaging and video-capable spacecraft into low-Earth orbit in late 2015 from Vandenberg Air Force Base, CA. The Skybox spacecraft will be launched aboard the Minotaur-C space launch vehicle, a commercial variant of the company’s Minotaur product line that serves the U.S. government market.
News For ORB From The Last 14 Days
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October 30, 2014
07:42 EDTORBATK should be bought on weakness, says RBC Capital
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October 29, 2014
17:05 EDTORBOn The Fly: Closing Wrap
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13:56 EDTORBOrbital, ATK trading resumes following Orbital conference call
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13:19 EDTORBOrbital says 2014 view unchanged after failed rocket launch
Orbital Sciences (ORB) said on a conference call that the failed Antares rocket launch does not change its 2014 financial view as the costs are covered by insurance. Orbital added that its merger agreement with (ATK) does not include a provision for launch failures. It added that it’s "too early" to determine how the failed launch will affect future flights. Shares of both Orbital and ATK remain halted as the conference call continues. Orbital was down 16% to $25.59 before being halted while ATK was down 5% to $123.00.
13:15 EDTORBOrbital says merger with ATK has no provision for launch failures
13:14 EDTORBOrbital says agreement with ATK does not address launch failures
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13:08 EDTORBOrbital says launch failure cost covered by insurance
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13:08 EDTORBOrbital says 2014 view remains unchanged
Orbital Sciences is speaking on a conference call to discuss the Antares rocket launch failure.
13:07 EDTORBOrbital says 'too early' to tell how failure will affect next flights
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12:58 EDTORBOn The Fly: Midday Wrap
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12:47 EDTORBOrbital trading halted, news dissemination
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12:00 EDTORBATK issues statement regarding Orbital's Antares launch failure
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10:10 EDTORBOrbital to host conference call
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09:43 EDTORBOrbital financial impact from rocket explosion limited, says Raymond James
Raymond James said Orbital's long-term financial impact from the rocket explosion should be mitigated by insurance proceeds, contract reserves, and the diversified product portfolio. Shares remain Outperform rated.
09:19 EDTORBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
07:59 EDTORBOrbital launch failure should not impact ATK merger, says Jefferies
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06:51 EDTORBOrbital volatility low into Antares rocket exploding after lifting off
Orbital overall option implied volatility of 30 is below its 26-week average of 35 according to Track Data, suggesting decreasing price movement into its Antares rocket exploded after lifting off from a launch pad.
04:59 EDTORBOrbital releases statement regarding Orb-3 launch mishap
Orbital Sciences confirms that the Antares rocket launch from NASA’s Wallops Flight Facility was not successful. Shortly after lift-off from the Mid-Atlantic Regional Spaceport Pad 0A at 6:22 p.m. EDT, the vehicle suffered a catastrophic failure. According to NASA’s emergency operations officials, there were no casualties and property damage was limited to the south end of Wallops Island. Orbital has formed an anomaly investigation board, which will work in close coordination with all appropriate government agencies, to determine the cause of today’s mishap. “It is far too early to know the details of what happened,” said Frank Culbertson, Orbital’s executive vice president and General Manager of its Advanced Programs Group. “As we begin to gather information, our primary concern lies with the ongoing safety and security of those involved in our response and recovery operations. We will conduct a thorough investigation immediately to determine the cause of this failure and what steps can be taken to avoid a repeat of this incident. As soon as we understand the cause we will begin the necessary work to return to flight to support our customers and the nation’s space program.” Orbital will provide more information as it becomes available and is verified.
October 28, 2014
18:54 EDTORBOrbital Sciences down 16% after-hours following explosion of NASA rocket
Orbital Sciences is down more than 16% to $25.28 in after-hours trading following news from NASA that the Antares rocket has exploded six seconds after liftoff. No injuries were reported. The Antares rocket was developed by Orbital Sciences. Reference Link
October 26, 2014
15:10 EDTORBOrbital set to launch cargo delivery mission to International Space Station
Orbital Sciences announced that it is prepared to launch the company’s AntaresTM rocket carrying a CygnusTM cargo logistics spacecraft destined for the International Space Station, ISS, under the Commercial Resupply Services, CRS, contract with NASA. Pending completion of final vehicle testing and acceptable local weather conditions, the launch of the Orb-3 mission will take place on Monday, October 27, with lift-off scheduled for 6:45 p.m.from the Mid-Atlantic Regional Spaceport located at NASA’s Wallops Flight Facility in eastern Virginia. The Antares medium-class rocket will boost the Cygnus spacecraft into a targeted orbit of approximately 125 x 185 miles above the Earth, inclined at 51.6 degrees to the equator. Following in-orbit activation and testing after launch, Cygnus is slated to rendezvous and berth with the ISS on November 2.Under its $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 through 2016. For each mission, 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.

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