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ATK Sees Little Risk To Orbital’s Recovery Plan And Finances

Rich Abott By
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ATK [ATK] President and CEO Mark DeYoung on Nov. 19 said his company and its board of directors believe that Orbital Sciences [ORB] has a sound recovery plan for NASA’s cargo resupply missions to the International Space Station following a launch vehicle failure in October and that the financial risks to Orbital going forward are minimal. Both companies announced on Nov. 18 that plans for a merger of the two remains on track, although it will be delayed about two…

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