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Orbital Completes Acquisition of GD’s Satellite Development Unit

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Orbital Sciences Corp. [ORB] last Friday said it has completed its $55 million purchase of the spacecraft development and manufacturing business from General Dynamics [GD]. Orbital announced the deal early last month as a way to give it an immediate entry into the medium satellite market (Defense Daily, March 8). The company already makes small satellites in addition to small and medium-class rockets. "With the addition of important new strategic customer relationships, a broad range of complementary satellite products and…

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