9:00 A.M. Conference Call with Financial Analysts and Investors to

                              Be Webcast

DULLES, Va.--(BUSINESS WIRE)--Feb. 15, 2007--Orbital Sciences Corporation (NYSE: ORB) announced today that it will release its fourth quarter and year-end 2006 financial results prior to the opening of the market on Wednesday, February 21, 2007. Orbital will also conduct a conference call with financial analysts and investors the same morning, beginning at 9:00 a.m. (EST). The conference call will be hosted by:

    --  Mr. David W. Thompson, Chairman and Chief Executive Officer

    --  Mr. Garrett E. Pierce, Vice Chairman and Chief Financial
        Officer

    --  Mr. James R. Thompson, Vice Chairman and Chief Operating
        Officer

To listen to the conference call, dial (888) 541-8767, and use the conference ID number 9415593. A replay of the conference call will be available approximately two hours after the end of the call and will remain active until Wednesday, February 28, 2007. For access to the replay of the conference call, dial (800) 642-1687 (international callers should dial (706) 634-7258) and use the same conference ID number.

For webcast registration and information, please visit Orbital's web site at http://www.orbital.com/Investor. The company advises participants to register at least 20 minutes prior to the call to download and install any necessary audio software.

About Orbital

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 orbit 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

    CONTACT: Orbital Sciences Corporation
             Public and Investor Relations:
             Barron Beneski, 703-406-5528
             beneski.barron@orbital.com

    SOURCE: Orbital Sciences Corporation