Orbital Sciences Corporation (NYSE: ORB) today announced that the launch of its Taurus XL rocket, which lifted off earlier today at 2:09 a.m. (PST), from Vandenberg Air Force Base in California carrying the company-built Glory satellite for NASA, was unsuccessful.
Preliminary indications are that the rocket’s payload fairing, a clamshell mechanism that encases the satellite as it travels through the atmosphere, failed to separate from the rocket. The previous time a Taurus XL rocket was launched was in 2009 for NASA’s Orbiting Carbon Observatory (OCO) mission. That launch also resulted in a failure due to a fairing separation problem. Since that time Orbital redesigned and tested the fairing separation system.
Orbital will immediately convene a failure investigation board that will include representative from the company and NASA to determine the cause of today’s launch failure. Orbital believes that it is likely that sufficient data was gathered to be able to determine the cause of the fairing separation failure.
About OrbitalOrbital develops and manufactures small- and medium-class rockets and space systems for commercial, military and civil government customers. The company’s primary products are satellites and launch vehicles, including low-Earth orbit, geosynchronous-Earth orbit and planetary exploration spacecraft for communications, remote sensing, scientific and defense missions; human-rated space systems for Earth-orbit, lunar and other missions; ground- and air-launched rockets that deliver satellites into orbit; and missile defense systems that are used as interceptor and target vehicles. Orbital also provides satellite subsystems and space-related technical services to U.S. Government agencies and laboratories. More information about Orbital can be found at http://www.orbital.com
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV