Solid quarter for Orbital
October 16, 2008 by Dagpotter · Comment
Filed under: Earnings, Orbital Systems, S&T, Satellites, development program, space
Filed under: Earnings, Orbital Systems, S&T, Satellites, development program, space
Orbital reported their third quarter results today. Revenues were up slightly while earnings were down. The company did report strong bookings and their back log is significant at over $2 B. The company saw increased activity in the launch vehicle and advanced space programs. There was a decline in satellites and space services. Orbital provides a variety of space related services to US DoD, Department of Energy and NASA.
See the full press release at MarketWatch.com.
Raytheon reports
Raytheon had higher income this quarter compared, but had a decline in net. See a story release here. Raytheon continues the trend of defense contractors reporting increases in sales and income but not necessarily profits. Raytheon did predict that 2008 will be a good year for the company with a 15% increase in revenue.
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