Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Orbital Sciences Wins $75 Million NASA Contract

NASA has picked rocket-and-satellite maker Orbital Sciences (NYSE: OA  ) to build its new Transiting Exoplanet Survey Satellite, or TESS, Astrophysics Satellite, Orbital announced Wednesday.

Once built and orbited in 2017, TESS will search space for planets orbiting nearby stars, and those planets would then receive extra attention from other NASA space- and ground-based telescopes. Orbital will cooperate with MIT and NASA's Goddard Space Flight Center on the $200 million mission.

Orbital's own share of this sum is expected to be worth $75 million, which will be paid to the company over the course of its work on the four-year contract. As such, this single TESS contract stands to account for more than 1% of the company's revenues over the next four years.

Orbital shares were up 1.7% on today's news, and transiting $17.60.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2385222, ~/Articles/ArticleHandler.aspx, 9/26/2016 2:00:13 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
OA $74.44 Down -0.33 -0.44%
Orbital ATK CAPS Rating: *****