Orbital Sciences Corporation announced today that it received about $1.0 billion of new orders for its space and ground infrastructure systems product lines during the first six months of 1998, an increase of 80% over the company's new bookings in the comparable 1997 period. As a result, Orbital expects its firm contract backlog to be approximately $1.25 billion and its total contract backlog to reach $3.5 billion as of June 30, 1998.
"Orbital's strong new order performance for our core infrastructure
products in the first half of 1998 continues a period of phenomenal growth extending over the past 30 months," stated Mr. David W. Thompson, President and Chief Executive Officer. "Since January 1996, Orbital has received nearly $4 billion of new infrastructure orders, reflecting growing domestic and international markets for the reliable, cost-effective space systems that we produce," he added.
Orbital's space and ground infrastructure systems consist of satellites,
launch vehicles, space sensors and electronics, and satellite ground systems and software. Its largest infrastructure product line, small- and medium-class satellites and related space systems, recorded approximately $375 million of new orders so far this year. Orbital's second largest infrastructure product line, launch vehicles, including its Pegasus, Taurus and suborbital rockets, received nearly $450 million of new orders in the first half of 1998.
Orbital is a space and information systems company that employs over 4,000 people and maintains operations in eight states and several international locations. Headquartered in Dulles, VA, the company designs, manufactures, operates and markets a broad range of affordable space infrastructure systems, satellite access products and satellite services. These include satellites, launch vehicles, sensors and electronics, satellite ground systems and software, satellite-based navigation and communications products, and satellite-delivered fixed and mobile communications and Earth imaging services.
Orbital Sciences
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