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4-Traders Homepage  >  Equities  >  Nyse  >  Orbital ATK Inc    OA

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Orbital ATK : Cygnus Successfully Completes Rendezvous and Berthing with International Space Station

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11/15/2017 | 09:21am CET

Dulles, Virginia - Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, today announced that the 'S.S. Gene Cernan' CygnusTM spacecraft successfully completed its rendezvous and berthing maneuvers with the International Space Station earlier this morning. This marks the company's eighth successful berthing with the orbiting laboratory.

Cygnus launched into orbit aboard an Orbital ATK Antares rocket at NASA's Wallops Flight Facility on November 12. The spacecraft then executed a series of thruster burns over the next couple of days to raise its orbit and reach the space station. Once Cygnus was in close range, crew members grappled the spacecraft with the station's robotic arm at 5:04 a.m. (EST). Cygnus was then guided to its berthing port on the nadir side of the station's Unity module and officially installed to the space station at 7:15 a.m. (EST).

'Today's flawless rendezvous and arrival at the International Space Station signals the start of a busy month for Cygnus as the spacecraft once again demonstrates its capability beyond cargo delivery and removal,' said Frank Culbertson, President of Orbital ATK's Space Systems Group. 'On this mission, the 'S.S. Gene Cernan' Cygnus will act as an extension of the space station for the first time by supporting science experiments inside the cargo module while docked to the laboratory. Cygnus will then begin its secondary mission to deploy a record number of cubesats that will further demonstrate the spacecraft's versatility and flexibility for our customers.'

Cygnus arrived at the station with approximately 7,400 pounds (3,350 kilograms) of cargo, supplies and scientific experiments. The crew is now scheduled to open Cygnus' hatch and make initial ingress into the cargo module to begin unloading the pressurized cargo. Cygnus will remain docked at the station for approximately three weeks before departing on secondary missions.

During its stay at the orbiting laboratory, after demonstrating its versatility as an in-orbit science platform, the spacecraft will be used as an extension of the space station by hosting experiments that will be conducted inside the Cygnus cargo module while attached to the space station. Cygnus will be unberthed and when a safe distance from the station, a NanoRacks deployer will release 14 Cubesats, a record number for the spacecraft. Upon completion of these secondary missions, Cygnus will perform a safe, destructive reentry into Earth's atmosphere over the Pacific Ocean.

Under the CRS-1 contract with NASA, Orbital ATK will deliver approximately 66,000 pounds (30,000 kilograms) of cargo to the International Space Station. Beginning in 2019, Orbital ATK will carry out a minimum of six initial cargo missions under NASA's follow-on CRS-2 contract. This partnership is cultivating a robust American commercial space industry, freeing NASA to focus on developing the next-generation rocket and spacecraft that will enable humans to conduct deep space exploration missions.

In keeping with Orbital ATK's practice, the OA-8 spacecraft is named in honor of the late space flight pioneer and Apollo 17 Astronaut Capt. Gene Cernan. A veteran of one Gemini and two Apollo missions, Gene Cernan set records for both lunar surface extravehicular activities and longest time in lunar orbit paving the way for the future of human space exploration.

B-roll and animation footage for the mission can be found here: http://www.orbitalatk.com/news-room/bmc/#. Please note that media will be prompted to request a PIN for access.

About Orbital ATK

Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK employs approximately 13,000 people across the U.S. and in several international locations. For more information, visit www.orbitalatk.com.

Media Contact

Vicki Cox

(401) 409-8723

[email protected]

Investor Contact

Barron Beneski

(703) 406-5528

[email protected]

(C) 2017 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2017 4 642 M
EBIT 2017 554 M
Net income 2017 352 M
Debt 2017 1 156 M
Yield 2017 0,96%
P/E ratio 2017 21,64
P/E ratio 2018 19,57
EV / Sales 2017 1,89x
EV / Sales 2018 1,80x
Capitalization 7 626 M
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Average target price 131 $
Spread / Average Target -0,70%
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David W. Thompson President, Chief Executive Officer & Director
Ronald R. Fogleman Independent Non-Executive Chairman
Blake E. Larson Chief Operating Officer
Garrett E. Pierce Chief Financial Officer
Antonio L. Elias Chief Technical Officer & Executive Vice President
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