Orbital Sciences Corporation
announced today that it was selected for approximately $1.2
billion in new contracts for its space and ground infrastructure systems last
year.
The company received orders totaling about $300 million for its
satellites and related space systems and about $500 million for its launch
vehicles.
In addition, the company reported new contracts valued at nearly
$250 million for its electronics and sensors and in excess of $150 million for
its ground systems.
Approximately $500 million of 2000’s new orders were in
the form of definitized firm contracts, while $700 million were option or
indefinite-quantity orders and undefinitized contract awards at year end.
“For the fifth consecutive year, Orbital was selected by customers for
more than $1 billion worth of new contracts,” said Mr. David W. Thompson,
Chairman and Chief Executive Officer.
“Since 1996, the company’s cumulative
new firm and option order bookings have exceeded $7 billion in total value,
with over $4 billion still in our total contract backlog for future deliveries
during the next several years,” he added.
Orbital is one of the world’s leading manufacturers of low-cost space
systems, including satellites, launch vehicles, electronics and sensors,
satellite ground systems and related digital infrastructure.
Its Magellan
subsidiary is a pioneer in satellite-based navigation and communications
products for consumer and industrial markets.
Through its ORBCOMM and
ORBIMAGE affiliates and ORBNAV subsidiary, Orbital is also a major operator of
satellite-based networks that provide data communications, high-resolution
imagery and automotive information services to customers all around the world.
More information about Orbital can be found at http://www.orbital.com.
