Orbital Selected For Military Launch Vehicle Contract

By | September 4, 2003 | Uncategorized

Orbital Sciences [NYSE: ORB] landed a contract from the U.S. Air Force‘s Space and Missile Systems Center Detachment 12 for a suborbital rocket that will test an advanced penetrator. The basic contract covers the design and procurement of long-lead hardware in support of the Air Force’s Missile Technology Demonstration (MTD)-3B program, with an option for missile fabrication and test and a second option for launch services. The initial contract value is $3.1 million, while the options would increase the contract value to $7.5 million, the company said.

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