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U.S. Space v Orbital ATK Suit Alleges Value Of On-Orbit Satellite Servicing

Rich Abott By
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A lawsuit filed by U.S. Space in New York Supreme Court could shed some light on the potential value of the on-orbit satellite servicing market.U.S. Space alleges that its former joint venture with Orbital ATK [OA], Vivisat, secured $298 million in potential revenues for in-orbit satellite servicing from five companies over a two-year period. U.S. Space on April 29 sued Orbital ATK, claiming Orbital ATK broke an agreement the companies made to pursue customers for ViviSat, which was formed by…

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