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Technology Stocks : Orbital science (ORB)

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To: dwight martin who wrote (2352)6/9/2000 10:23:00 AM
From: Fred Levine  Read Replies (1) of 2394
 
Thursday June 8, 12:36 pm Eastern Time

Company Press Release

SOURCE: Orbital Sciences Corporation

Orbital's Latest Satellite Displaying Flawless Performance During Early
In-Orbit Checkout

- Company-Built TSX-5 Satellite to Demonstrate Advanced Space Technologies Fr U.S. Air Force -

DULLES, Va., June 8 /PRNewswire/ -- Orbital Sciences Corporation (NYSE: ORB - news) announced today that its latest satellite, the 250-kg Tri-Service
Experiments Mission 5 (TSX-5) spacecraft for the U.S. Air Force, is in excellent health following a successful launch aboard a Pegasus rocket on June 7, 2000. As a
result of data gathered from initial tests, a team of Air Force and Orbital satellite engineers has determined that the satellite's main systems are performing as
expected. The TSX-5 spacecraft is generating full electrical power, indicating that its solar arrays are properly deployed. Additionally, reliable communications
between the satellite and its ground control center, located at Kirtland Air Force Base in Albuquerque, New Mexico, have been established. Once further in-orbit
tests are completed over the next several weeks, the research experiments aboard the TSX-5 satellite will be activated to begin mission operations.

Mr. Robert R. Lovell, Orbital's Executive Vice President and General Manager of its Space Systems Group, stated, ``Orbital is very pleased to have played such a
critical role in the successful beginning of the Air Force's TSX-5 mission. Yesterday, Orbital's Pegasus rocket delivered the spacecraft into its targeted orbit and now,
after 24 hours of in-orbit operations, it appears to be a very healthy satellite. In addition to these promising early mission results, we look forward to contributing to
the overall success of the TSX-5 program with continued in-orbit technical support for the remainder of the mission.''

Under a contract from the U.S. Air Force, Orbital designed and built the 250-kg TSX-5 satellite at the company's Washington, D.C. metropolitan area satellite
manufacturing facilities. Orbital will also provide technical support for the duration of its one-year mission. The TSX-5 spacecraft carries two research experiments
intended to demonstrate advanced space technologies. Orbital has previously developed numerous spacecraft for Air Force space research missions, including
APEX, REX II and the STEP series of small satellites.

Orbital is one of the world's leading manufacturers of cost-effective and highly reliable small spacecraft for low-Earth orbit and geosynchronous-Earth orbit missions.
The company has built, delivered and launched over 85 satellites for communications, remote imaging and science and technology missions, which have amassed over
300 years of in-orbit experience. Customers for Orbital's satellites include commercial space companies, numerous U.S. Government agencies, as well as
international private- and public-sector organizations.

Orbital is a space and information systems company that designs, manufactures, operates and markets a broad range of affordable space infrastructure systems,
satellite access products and satellite services. These products and services include satellites and other space systems, launch vehicles, electronics and sensors,
satellite ground systems and land information services, satellite-based navigation and communications products, and satellite-delivered communications, Earth imaging
and other information services.

SOURCE: Orbital Sciences Corporation

fred
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