Orbital Sciences Wins $50 Million NASA Contract

NASA has picked rocket and satellite maker Orbital Sciences (NYSE: ORB  ) to build its new Ionospheric Connection Explorer (ICON) .

On Monday, Orbital announced receipt of the two-year, $50 million contract. Cooperating with NASA and the University of California, Berkeley, Orbital will use its LEOStar-2 spacecraft as the basis for ICON, integrating supplementary systems upon it.

Once orbited in 2017, ICON will investigate how "space weather" storms in the ionosphere, located at the globe's edge of outer space, interact with "terrestrial" weather closer to Earth's surface. Fluctuations in the ionosphere are said to be capable of disrupting satellite and radio communications here on earth, lending real-world importance to understanding exactly what's happening "up there" with the weather.

This is Orbital's second major contract win from NASA in as many weeks. Last week, the company announced a $75 million contract to build the "TESS" (Transiting Exoplanet Survey Satellite).


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

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.

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: 2395099, ~/Articles/ArticleHandler.aspx, 10/21/2014 6:13:58 PM

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...


Advertisement