Orbital Launches Craft to International Space Station

Orbital Sciences (NYSE: OA  ) is on cloud nine. The space technology company announced today that its Cyngus cargo logistics spacecraft has successfully launched into its intended orbit. The craft will now cruise for four days to the International Space Station, where it will offload 1,500 pounds of equipment before heading back to Earth with up to 1,750 pounds of disposal cargo.

Source: Orbital Sciences.

"We are very pleased with the early operations of the COTS demonstration mission, beginning with another on-the-mark launch by Antares," said President and CEO Mr. David W. Thompson in a statement today. "The Cygnus spacecraft appears to be fully healthy and operating as expected during this early phase of its mission. Over the next few days, our Cygnus team, together with our NASA partners, will conduct an extensive series of in-orbit tests to verify the performance of the spacecraft before attempting the rendezvous and berthing operations with the space station. There is clearly still a lot of work in front of us, but the mission looks like it is off to a great start."

The future of Orbital depends on the success of this mission. If everything continues to proceed as planned, Orbital will be set to deliver around 44,000 pounds to the space station over eight missions and three years in a contract worth $1.9 billion.

Read/Post Comments (0) | Recommend This Article (3)

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: 2643950, ~/Articles/ArticleHandler.aspx, 9/30/2016 4:29:36 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 7 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

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

9/29/2016 4:02 PM
OA $75.45 Down -1.39 -1.81%
Orbital ATK CAPS Rating: *****