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

Cal Biesecker By
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Orbital ATK Swings To Profit In First Quarter; Antares Set For Cargo Launch In July
An Orbital ATK Antares launch vehicle lifts off from Wallops Island, Va. Photo: Orbital ATK

Orbital ATK [OA] on Thursday 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 will roll out next week to the launch pad in preparation for a hot fire test later this month. If all goes well, the rocket will…

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