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Obama’s Budget Hits Orbital Hard

by: Matthew Potter
May 11, 2009

Category: Boeing, Business Line, Companies, Congress, Department of Defense, development program, EADS, Events, Federal Budget Process, MDA, missile defense, Northrop Grumman Corp., Orbital Systems, Restructuring, Services, space | RSS 2.0

Orbital Sciences stock took a pounding last week as one of its major programs was proposed to be canceled by Obama and Secretary of Defense Gates. Missile defense programs along with the F-22 and FCS wheeled vehicles took the biggest in the budget. If the budget moves forward with the planned ending of major programs other companies may see their stock affected.

The upside though is that if the restructuring of the budget goes forward it will provide opportunities for other companies. There will also be new programs eventually as the need for some of these — like the VH-71 — are still there. The next big contract that seems will be awarded is the KC-X tanker replacement some time next year. A new competition will be held between EADS and Boeing. Currently it looks like the award won’t be split as some had hoped for.

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