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Orbital Sciences Reports Higher Fourth Quarter Earnings, Sales

Cal Biesecker By
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Orbital Sciences Reports Higher Fourth Quarter Earnings, Sales
Ground-based Interceptor booster assembly. Photo: Orbital Sciences

Orbital Sciences Corp. [ORB] on Thursday posted higher net income and sales in its fourth quarter on missile defense, launch vehicles and advanced space programs. Net income increased 22 percent to $16.9 million, 28 cents earnings per share (EPS), from $13.9 million (23 cents EPS) a year ago, on higher sales and operating margins in the Launch Vehicles and Advanced Space Programs segments. Operating margins were 8.1 percent, down 70 basis points from a year ago. Free cash flow was…

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