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NASA Chooses Orbital Sciences For $170 Million Seed Money To Develop Space Transit Service

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Orbital, With Solid Cashflow, To Finance Major Portion of Spacecraft Development Cost Commercial Craft Would Help Fill Void Left By Space Shuttle Retirement In 2010 NASA selected Orbital Sciences Corp. [ORB] of Dulles, Va., as the winner of a competition to receive up to $170 million in federal seed money, to spur Orbital and its team of subcontractors to develop a private Cygnus space cargo vehicle to help supply the International Space Station (ISS). That agreement includes demonstrating the spacecraft…

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