Orbital ATK-designed satellites demonstrate affordable access to space

Remigio Civitarese
Aprile 17, 2018

Orbital ATK's revenue for the quarter was up 6.0% on a year-over-year basis. sell-side analysts anticipate that Orbital ATK will post 6.73 EPS for the current fiscal year. During the same quarter in the previous year, the company earned $1.26 EPS. Jefferies Group LLC reissued a "buy" rating and set a $115.00 price target (up from $100.00) on shares of Orbital ATK in a research note on Saturday, March 11th. The stock presently has a consensus rating of "Hold" and a consensus target price of $126.21.

With the Air Force expected to select up to three companies this summer to build and test rockets capable of launching intermediate to heavy-class national security payloads, Orbital ATK executives announced at the 34th Space Symposium here that they have picked Aerojet Rocketdyne's RL10C engine to power the upper stage of a next-generation launch vehicle they are now calling OmegA. During the same period a year ago, the firm earned $1.44 earnings per share. The aerospace company reported $1.77 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.79 by ($0.02). This represents a $1.28 annualized dividend and a yield of 1.31%.

Orbital ATK is a global provider of aerospace and defense technologies. "It has an extensive flight history and provides a low-risk affordable engine", said Mike Pinkston, deputy general manager of Orbital ATK's launch vehicles division. Itau Unibanco Holding S.A. bought a new position in Orbital ATK during the 4th quarter valued at $102,000. First Eagle Investment Management LLC increased its stake in shares of Orbital ATK by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 273,490 shares of the company's stock valued at $23,993,000 after buying an additional 264,360 shares during the last quarter.

Orbital ATK, Inc is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The company is a world-recognized aerospace and defense leader that provides propulsion and energetics to the space, missile defense and strategic systems, tactical systems and armaments areas, in support of domestic and worldwide markets.

"Having our RL10 engine selected to provide upper stage propulsion for a fourth launch vehicle reflects the confidence industry places in our product", said Space Business Unit Senior Vice President Jerry Tarnacki.

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