Aerospace |
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As further evidence of the red hot market for commercial satellite launches, Orbital Sciences Corporation announced last week that it has received approximately $535 million in new orders for its space and ground infrastructure systems product lines in the first half of this year. Total new orders include approximately $400 million in firm orders and $135 million in options for the company's space-related products. With these new orders, the company's firm backlog has increased to over $875 million. Approximately $195 million of the total first-half bookings relate to Orbital's launch vehicle product lines, including its Pegasus and Taurus space launch vehicles and its suborbital launch vehicles. Other new business booked so far in 1997 includes approximately $230 million of orders for the company's small satellites and related space systems. In addition, approximately $45 million in orders were received for satellite ground systems and software products, and $65 million in orders were booked for space sensors and electronics. Orbital is a space and information systems company that designs, manufactures, operates and markets a broad range of affordable space infrastructure systems, satellite access products and satellite-provided services, including launch vehicles, satellites, sensors and electronics, satellite ground systems and software, satellite-based navigation and communications products, and satellite-delivered communications and Earth observation services. |
