“The Board’s authorization for another
Under the newly authorized repurchase program, shares of common stock may be purchased from time to time in the open market, in block purchases or in negotiated transactions. The timing and amount of shares to be repurchased will be determined based on market conditions and other factors.
About Orbital
Orbital develops and manufactures small- and medium-class rockets and space systems for commercial, military and civil government customers. The company’s primary products are satellites and launch vehicles, including low-Earth orbit, geosynchronous-Earth orbit and planetary spacecraft for communications, remote sensing, scientific and defense missions; human-rated space systems for Earth-orbit, lunar and other missions; ground- and air-launched rockets that deliver satellites into orbit; and missile defense systems that are used as interceptor and target vehicles. Orbital also provides satellite subsystems and space-related technical services to government agencies and laboratories.
More information about Orbital can be found at http://www.orbital.com
“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements in this press release may be forward-looking in
nature or “forward-looking statements” as defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks, trends and uncertainties that could
cause the actual results or performance of the company to be materially
different from the forward-looking statement. Uncertainty surrounding
factors such as continued government support and funding for key space
and defense programs, new product development programs, product
performance and market acceptance of products and technologies,
government contract procurement and termination risks (including the
outcome of bid protests), as well as other risk factors and business
considerations described in the company’s
Source:
Orbital Sciences Corporation
Barron Beneski, 703-406-5528
Public
and Investor Relations
beneski.barron@orbital.com