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Orbital ATK Acquires Additional Wallops Insurance Following Antares Failure

Rich Abott By
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Orbital ATK [OA] purchased additional insurance coverage under its existing plan for Virginia-owned property at NASA’s Wallops Island Flight Facility after an insurance gap among the three parties caused the civil space agency to pay for damages resulting from Orbital ATK’s Antares launch failure.Orbital ATK Staff Vice President for Government Relations Kate Kronmiller told sister publication Defense Daily Nov. 12 the additional coverage for the Mid-Atlantic Regional Spaceport (MARS), the Virginia-owned pad at Wallops, cost the company in the area…

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