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Technology Stocks : Orbital science (ORB)

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To: Fred Levine who wrote (2156)	7/8/1999 5:31:00 PM
From: Fred Levine	Read Replies (1) of 2394

To all-- I regard the article from the WSJ as dynamite. It sent ORB's price skyrocketing <ggg>. Orbital Sciences Corp. Dow Jones Newswires -- July 8, 1999 DJ Orbital Sciences Gets $600M New Orders In 1H '99 DULLES, Va. (Dow Jones)--Orbital Sciences Corp. (ORB) received more than $600 million in new orders for its space and ground infrastructure systems during the first six months of 1999. In a press release Thursday, the company said it expects firm contract backlog at June 30 to be about $2.1 billion and total contract backlog to reach $4.3 billion. In the last 18 months, Orbital has booked over $3.1 billion of new orders, reflecting continued strong domestic and international demand, the company said. Orbital Sciences said it continued to win new orders for infrastructure systems products at a "healthy rate" during the first half of 1999. For the first six months, Orbital's satellites and related space systems sector received about $185 million in new orders, while new orders for launch vehicles exceeded $80 million. Electronics and sensors bookings topped $160 million, and ground systems and software contracts totaled over $180 million. The space and information systems company reported a 1998 loss of $6.4 million, or 18 cents a share, on $734 million in revenue. -Michael Squires; 201-938-5400 fred

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