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Orbital’s Earnings Rise On Lower Interest Expenses

Defense Daily Staff Defense Daily Staff
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Orbital’s Earnings Rise On Lower Interest Expenses

Orbital Sciences [ORB] last Thursday reported a decline in second quarter sales but an increase in net income due mainly to lower interest expense and to a lesser degree higher operating income. Orbital's Taurus space launch vehicle. Photo: Orbital Sciences Corp. Sales fell 10 percent to $333.1 million in the quarter from $371.3 million a year ago due to declines in its satellites and space systems and advanced space programs segments. Orbital’s launch vehicles segment posted higher sales. Net income rose…

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