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November 29, 2015 3:08 PM ET

Aerospace and Defense

Company Overview of Orbital Sciences Corp.

Company Overview

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 develop...

45101 Warp Drive

Dulles, VA 20166

United States

Founded in 1982



Key Executives for Orbital Sciences Corp.

Co-Founder, Chairman, Chief Executive Officer and President
Age: 61
Co-Founder, Director, Member of Markets & Technology Committee and Member of Human Resources & Compensation Committee
Age: 63
Vice Chairman and Chief Financial Officer
Age: 70
Chief Technical Officer and Executive Vice President
Age: 66
Senior Vice President, General Counsel and Secretary
Age: 60
Compensation as of Fiscal Year 2015.

Orbital Sciences Corp. Key Developments

Aerojet Rocketdyne Enters into Settlement and Mutual Release Agreement with Orbital Sciences Corporation

Aerojet Rocketdyne entered into a Settlement and Mutual Release Agreement with Orbital Sciences Corporation pursuant to which the parties mutually agreed to a termination of the contract for convenience relating to the provision by Aerojet Rocketdyne of 20 AJ-26 liquid propulsion rocket engines to Orbital for the Antares program. The Agreement also settles all claims the parties may have had against one another arising out of the Contract and the launch failure that occurred on October 28, 2014 of an Antares launch vehicle carrying the Cygnus ORB-3 service and cargo module. The ORB-3 launch vehicle was powered by two AJ-26 engines supplied to Orbital by Aerojet Rocketdyne. Under the terms of the Agreement, Aerojet Rocketdyne will make a one-time payment of $50 million to Orbital on or before September 30, 2015, and Orbital will transfer to Aerojet Rocketdyne title to the 10 engines remaining to be delivered under the Contract. Aerojet Rocketdyne is seeking reimbursement from its insurers of a portion of the settlement costs.

Orbital Sciences Corp. Wins $470 Million Federal Contract

Orbital Science Corp. Dulles, Virginia, won a $470 million federal contract from NASA's Goddard Space Flight Center, Greenbelt, Maryland, for the supply of joint polar satellite system spacecraft.

Orbital Sciences Corp. Wins $23.6 Million Federal Contract

Orbital Sciences Corp., Chandler, Arizona, was awarded a $23.6 million firm-fixed-price federal contract by the U.S. Air Force's Space and Missile Systems Center, Kirtland Air Force Base, New Mexico, for launch services in support of the Operationally Responsive Space-5 (ORS-5) mission.

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