Last $25.59 USD
Change Today -1.17 / -4.37%
Volume 650.4K
ORB On Other Exchanges
Symbol
Exchange
Frankfurt
As of 6:40 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

orbital sciences corp (ORB) Snapshot

Open
$26.69
Previous Close
$26.76
Day High
$27.22
Day Low
$25.33
52 Week High
04/29/14 - $34.16
52 Week Low
09/6/13 - $17.26
Market Cap
1.6B
Average Volume 10 Days
384.8K
EPS TTM
$1.13
Shares Outstanding
60.6M
EX-Date
--
P/E TM
22.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for ORBITAL SCIENCES CORP (ORB)

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orbital sciences corp (ORB) Details

Orbital Sciences Corporation develops and manufactures small- and medium-class rockets and space systems for commercial, military, and civil government customers in the United States, Europe, Eurasia, Mexico, South America, and East Asia. It operates through three segments: Launch Vehicles, Satellites and Space Systems, and Advanced Space Programs. The Launch Vehicles segment develops and produces space launch vehicles that place satellites into low-earth orbit; interceptor launch vehicles for missile defense systems, such as interceptor boosters; and target launch vehicles, such as suborbital rockets and their principal subsystems, as well as payloads carried by vehicles used in the development and testing of missile defense systems. The Satellites and Space Systems segment develops and produces communications satellites that provide cable and direct-to-home television distribution, business data network connectivity, regional mobile telephony, and other space-based communications services; and science and remote sensing satellites that are used to conduct space-related scientific research, collect imagery and other remotely-sensed data about the Earth, carry out interplanetary and other deep-space exploration missions, and demonstrate new space technologies. This segment also offers space systems and subsystems, including satellite command and data handling, and attitude control and structural subsystems; and a range of space-related technical services, such as analytical, engineering, and production services for space-related science and defense programs. The Advanced Space Programs segment develops and produces human-rated space systems to be used in earth orbit, planetary exploration, and other space missions; advanced flight systems; and small- and medium-class satellites and related systems used for national security space missions and related technology demonstration programs. The company was founded in 1982 and is headquartered in Dulles, Virginia.

3,300 Employees
Last Reported Date: 02/25/14
Founded in 1982

orbital sciences corp (ORB) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $715.0K
Vice Chairman and Chief Financial Officer
Total Annual Compensation: $620.0K
Executive Vice President and General Manager ...
Total Annual Compensation: $503.0K
Chief Technical Officer and Executive Vice Pr...
Total Annual Compensation: $420.0K
Executive Vice President and General Manager ...
Total Annual Compensation: $397.5K
Compensation as of Fiscal Year 2013.

orbital sciences corp (ORB) Key Developments

Orbital Sciences Corp. Announces Consolidated Earnings Results for the Second Quarter and Six Months of Fiscal Year 2014; Re-Affirms Earnings Guidance for Full Year 2014

Orbital Sciences Corp. announced consolidated earnings results for the second quarter and six months of fiscal year 2014. For the quarter, revenues were $318,124,000 against $333,081,000 a year ago. Income from operations was $15,260,000 against $26,306,000 a year ago. Income before income taxes was $26,064,000 against $25,598,000 a year ago. Net income was $16,533,000 against $16,279,000 a year ago. Basic and diluted income per share was $0.27 against $0.27 a year ago. Net cash provided by operating was $24,459,000. Capital expenditures were $7,720,000. Adjusted operating income was $21.9 million, or 6.9% of revenues, compared to $26.3 million, or 7.9% of revenues a year ago. Adjusted net income was $20.7 million, or $0.34 adjusted diluted earnings per share, compared to net income of $16.3 million, or $0.27 diluted earnings per share a year ago. Free cash flow was $16.7 million compared to $6.9 million a year ago. Revenues were down about 5%, primarily on reduced sales of scientific and national security satellites and space launch vehicles. Free cash flow was about $17 million. The reduction in consolidated Revenue was primarily driven by the completion of a major science and remote-sensing satellite in 2013, lower national security satellite revenues and decreased activity on the CRS contract. These reductions were partially offset by revenue increases in the missile defense interceptors area, GEO satellites and new advanced flight system contract. Adjusted operating income decreased mainly due to lower GEO and science satellite operating income. For the six months, revenues were $641,409,000 against $667,894,000 a year ago. Income from operations was $38,242,000 against $57,413,000 a year ago. Income before income taxes was $47,825,000 against $56,161,000 a year ago. Net income was $30,344,000 against $35,881,000 a year ago. Diluted income per share was $0.50 against $0.59 a year ago. Net cash provided by operating was $109,930,000. Capital expenditures were $16,163,000. Free cash flow was $103.7 million against negative $27.3 million a year ago. Adjusted operating income was $44.8 million, adjusted net income was $34.5 million and adjusted diluted earnings per share were $0.57. Adjusted operating income decreased mainly due to lower GEO and science satellite operating income. The company updated its financial guidance for full year 2014. For the year, the company expects revenues in the range of $1,400 - $1,425 million against $1,450 - $1,500 million as previously reported. Adjusted Diluted Earnings per Share is expected to be in the range of $1.10 - $1.20 against $1.10 - $1.20 as previously reported. Free Cash Flow is expected to be in the range of $130 -$150 million against $130 - $150 million as previously reported.

Orbital Sciences Corporation Announces its Cygnus Cargo Logistics Spacecraft Completes its Rendezvous and Approach Maneuvers with the International Space Station

Orbital Sciences Corporation announced that its Cygnus(TM) 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 40 astronaut crew. After Cygnus was launched into orbit by Orbital's Antares(TM) rocket on July 13, from the Mid-Atlantic Regional Spaceport at NASA's Wallops Flight Facility in eastern Virginia, 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. (EDT), culminating with the Station's robotic arm grappling the spacecraft at 6:36 a.m. when it was about 30 feet (10 meters) 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 shortly before 10:00 a.m. Cygnus is delivering approximately 3,670 pounds (1,665 kilograms) of cargo and science payloads to the Expedition 40 astronauts. The crew plans to open the Cygnus hatch and make initial ingress into its cargo module tomorrow. Cygnus will remain berthed at the ISS for approximately 30 days before departing with an estimated 2,800 pounds (1,300 kilograms) of disposable cargo. Orbital will also conduct a series of in-orbit tests designed to provide data to help enhance the vehicle's performance for future uses. It is scheduled for a safe destructive reentry over the Pacific Ocean five days after departing the Station. Including a demonstration mission conducted in 2013, this is the third berthing with the ISS by a Cygnus spacecraft, which collectively have delivered approximately 8,400 pounds (3,800 kilograms) of supplies and science experiments to the orbiting laboratory. Under a $1.9 billion contract with NASA, Orbital will use Antares and Cygnus to deliver up to 44,000 pounds (20,000 kilograms) 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.

Orbital Launches Antares Rocket with Cygnus Cargo Logistics Spacecraft to ISS Under Contract

Orbital Sciences Corporation launched its Antares medium-class rocket carrying a Cygnus cargo logistics spacecraft, under its USD 1.9 billion Commercial Resupply Services (CRS) contract with NASA. Further, the company mentioned that this begins the company's second operational cargo resupply mission to the International Space Station (ISS) and Cygnus will deliver equipment, supplies and scientific experiments to the ISS. Lift-off occurred at 12:52 EDT from the Mid-Atlantic Regional Spaceport's Pad 0A at NASA's Wallops Flight Facility in eastern Virginia and will culminate in berthing on 16 July at about 06:39 EDT, delivering 1,664 kg of cargo to the Expedition 40 astronauts and remain attached to the station for about 30 days before departing with about 1,340 kg of disposable cargo back to Earth. Pursuant to the CRS contract with NASA, the company will use Antares and Cygnus to deliver about 20,000 kg of cargo to the ISS over eight missions until 2016 via which NASA will send essential items as per ISS programme needs such as food, clothing, crew supplies, spare parts and equipment and scientific experiments.

 

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