Orbital Revenues Up For Quarter, Year
[Satellite Today – 2-15-08] Orbital Sciences Corp. increased fourth quarter revenue by 36 percent, and reported a 35 percent increase for the year, the company announced Feb. 14.
Revenues for the quarter ending Dec. 31 was $293.1 million, compared to $215.8 million for the fourth quarter of 2006.
"With exceptionally strong fourth quarter results, including record revenues, profits and free cash flow, Orbital completed another outstanding year in 2007,” said David W. Thompson, chairman and CEO in a statement. “The company’s advanced space programs business led the way, generating strong revenue and operating profit growth as compared to last year. Our launch vehicles, satellites and space systems and transportation management systems segments also posted impressive revenue growth.”
For the year, Orbital reported revenues of $1.1 billion, compared to $803 million in 2006.
Orbital’s 2008 operational schedule is expected to continue at a high level of activity. The company plans to carry out approximately 25 launch vehicle and spacecraft missions and to complete and deliver an additional 15 or more launch vehicles and satellites for future operations. Included in the operational totals are six or seven interceptor vehicle and space launch missions, as many as 12 target vehicle launches and up to six spacecraft deployments for commercial satellite operators and U.S. government customers.