This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Orbital Successfully Launches Minotaur I Rocket For U.S. Air Force

Orbital Sciences Corporation (NYSE: ORB), one of the world’s leading space technology companies, today announced that it successfully launched a U.S. Government payload aboard a Minotaur I rocket in a mission that originated from Vandenberg Air Force Base (VAFB), CA on February 5, 2011. The launch was the 20 th for the Minotaur family of launch vehicles since 2000, all of which have been successful. Of the 20 total missions, nine have been carried out by the Minotaur I space launch vehicle configuration.

“For just over a decade, the Minotaur program has proven to be an extraordinary success for the U.S. Air Force. By efficiently utilizing surplus government-owned rocket motors, combined with commercial upper stages, avionics and integration processes, the Orbital/Suborbital Program has been an exceptional value for government customers, launching 30 satellites into orbit and nine payloads on suborbital trajectories,” said Mr. Ron Grabe, Orbital’s Executive Vice President and General Manager of its Launch Systems Group.

“As we enter a period of tight government budgets, Orbital is ready to answer the Department of Defense’s call for greater affordability, accountability and reliability with the fully developed Minotaur product line. We are also extending the Minotaur product line to the civilian space sector with the upcoming introduction of the Minotaur V high-energy launcher for NASA’s LADEE lunar mission, which is scheduled for launch in 2013.”

About Orbital’s Minotaur Product Line

Orbital’s Minotaur product line was developed under the U.S. Air Force’s Orbital/Suborbital Program (OSP). The initial five-year OSP contract was awarded to Orbital in 1997, while the follow-on 10-year OSP-2 contract was received in 2003. The Minotaur I space launch vehicle used in the recent launch from VAFB is the original member of Orbital’s Minotaur product line, which includes both space launch vehicles and long-range suborbital vehicles for missile defense and other specialized missions.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs