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Technology Stocks : Orbital science (ORB)

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To: blake_paterson who wrote (1979)12/1/1998 8:23:00 PM
From: blake_paterson  Read Replies (1) of 2394
 
Orbital Successfully Launches Suborbital Rocket

PR Newswire, Tuesday, December 01, 1998 at 15:41

Company Carries Out Seven Successful Launches in Less than Four Months

Mission Represents Company's 34th Consecutive Successful Rocket Launch

DULLES, Va., Dec. 1 /PRNewswire/ -- Orbital Sciences Corporation
(NYSE:ORB) announced that it recently launched a suborbital rocket for the
U.S. Air Force's Space and Missile Center in a mission that originated from
Hawaii. This latest mission represents another success for the company's
Launch Systems Group, which has now carried out seven successful launches of
its Pegasus, Taurus and suborbital vehicles in less than four months. Orbital
is also planning its next Pegasus rocket launch in early December, its eighth
mission in the same four-month period.
As the world's busiest rocket company over the past four months, Orbital's
launch teams overcame significant logistical challenges by conducting these
missions from six different launch sites around the country, including sites
in Alaska, Hawaii, Florida, California, Virginia and New Mexico. Orbital's
most recent launch represented its 102nd overall suborbital launch, a depth of
experience only a few companies in the world can match.
Orbital is one of the largest space and information systems companies in
the world, with 1998 revenues of approximately $750 million. The company,
which is headquartered in Dulles, Virginia, employs 4,200 people at its major
facilities in eight states and several international locations. Orbital is
the world's leading manufacturer of low-cost space systems and products,
including satellites, launch vehicles, electronics and sensors, satellite
ground systems and software, and satellite-based navigation and communications
products. Through its ORBCOMM and ORBIMAGE affiliates, Orbital is also a
pioneering operator of satellite networks that provide data communications and
high-resolution imagery services to customers all around the world.

SOURCE Orbital Sciences Corporation
-0- 12/01/98
/NOTE TO EDITORS: To learn more about Orbital Sciences Corporation and to
access its recent press releases, visit the company's Web site at
www.orbital.com./
/CONTACT: Barron Beneski of Orbital, 703-406-5000, or
beneski.barron@orbital.com/
/Web site: orbital.com
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