Orbital Sciences Corporation (ticker: ORB, exchange: New York Stock Exchange (.N))
News Release -
6-Feb-2003
Orbital Ships PanAmSat's Galaxy XII Satellite to Launch SiteDULLES, Va., Feb 6, 2003 /PRNewswire-FirstCall via COMTEX/ ---- First of Three GEO Communications Spacecraft for PanAmSat in Final Preparations for March Launch Aboard Ariane Rocket -- Orbital Sciences
Corporation (NYSE: ORB) announced today that Galaxy XII, the first of three
geostationary (GEO) satellites the company is manufacturing for PanAmSat
Corporation (Nasdaq: SPOT), has arrived at its launch site in Kourou, French
Guiana. Earlier this week, the spacecraft was shipped from Orbital's Dulles, VA
satellite manufacturing facility to the Kourou space launch complex, where it is
scheduled to be launched aboard an Ariane 5 rocket in March.
Over the next several weeks, a team of engineers from PanAmSat, Arianespace and
Orbital will work together to integrate the satellite with the launch vehicle
and perform an extensive series of tests to ensure that the combined systems of
the satellite and rocket are working properly.
"We are very excited to be in the final stages of completing and delivering the
first of three satellites for PanAmSat, one of the world's premier satellite
services companies," said Dr. Ali Atia, head of Orbital's communications
satellite division. "We expect 2003 to be a very busy year for our GEO satellite
manufacturing operations. We are scheduled to complete and deliver two other GEO
spacecraft, including the second satellite for PanAmSat in late 2003."
In the past several years, Orbital has developed a strong niche position in the
world market for GEO communications satellites. With its ramp-up in the
production of small, lighter-weight satellites, the company is on track to
replicate its decade-long success of its small-sized Pegasus(R) and Taurus(R)
rockets that were introduced to the world launch vehicle market in the early
1990s.
Orbital's GEO satellites are based on the company's STAR family of smaller GEO
satellite platforms, which are able to accommodate most types of commercial
communications payloads. For many applications, the STAR design is an attractive
alternative to the larger, more costly GEO satellites offered by the industry's
traditional suppliers. The STAR satellites are smaller and are significantly
less expensive to manufacture and launch. They are a perfect fit for customers
in the early stages of building their business or established companies that
wish to replace or add capacity to their network.
Orbital is one of the world's leading developers and manufacturers of small
space systems for commercial, civil government and military customers. The
company's primary products are spacecraft and launch vehicles, including
low-orbit, geostationary and planetary spacecraft for communications, remote
sensing and scientific missions; ground- and air-launched rockets that deliver
satellites into orbit; and missile defense boosters that are used as interceptor
and target vehicles. Orbital also offers space-related technical services to
government agencies and develops and builds satellite-based transportation
management systems for public transit agencies and private vehicle fleet
operators.
More information about Orbital can be found at http://www.orbital.com
Note to Editors:
A high-resolution image of PanAmSat's Galaxy XII satellite is available on
Orbital's web site at: http://www.orbital.com/NewsInfo/Images/GEO/index.html
For More Information Contact:
Barron Beneski (703) 406-5528
Public and Investor Relations
Beneski.barron@orbital.com
SOURCE Orbital Sciences Corporation
CONTACT: Barron Beneski, Public and Investor Relations, of Orbital
Sciences Corporation, +1-703-406-5528, or Beneski.barron@orbital.com
URL: http://www.orbital.com
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