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Orbital ATK Swings To Profit In First Quarter; Antares Set For Cargo Launch In July

Rich Abott By
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Orbital ATK [OA] on May 5 said net income in its first quarter swung to a profit helped by lower taxes and higher operating income and the company said its first re-engined Antares rocket is set for launch in July.David Thompson, the company’s president and CEO, said on the earnings call that the Antares rocket was to roll out the week of May 9 to the launch pad in preparation for a hot fire test later in May. If all…

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