{"id":84954,"date":"2011-04-23T00:58:21","date_gmt":"2011-04-22T16:58:21","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/orbital-beats-first-quarter-revenue-goals-warns-of-taurus-failure-impact\/"},"modified":"2011-04-23T00:58:21","modified_gmt":"2011-04-22T16:58:21","slug":"orbital-beats-first-quarter-revenue-goals-warns-of-taurus-failure-impact","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/orbital-beats-first-quarter-revenue-goals-warns-of-taurus-failure-impact\/","title":{"rendered":"Orbital Beats First Quarter Revenue Goals; Warns of Taurus Failure Impact"},"content":{"rendered":"<p>\n[04-22-11] <strong>Orbital Sciences Corp. <\/strong>reported a 52 percent jump in revenue at its satellites and space segment during the company\u2019s 2011 first fiscal quarter, backed by reported earnings of $12.3 million, compared with earnings of $9.3 million during the same period in 2009, the company announced in its latest financial results, issued April 21.<br \/>\n&nbsp;&nbsp;&nbsp; Orbital\u2019s satellites and space systems segment revenue grew to $152.7 million due to increased activity on communications satellite contracts, science and remote sensing satellite contracts, the company said.<br \/>\n&nbsp;&nbsp;&nbsp; Overall, Orbital Sciences ended the quarter with a $1.6 billion backlog and a healthy gain in earnings, even as the failure of its Taurus XL rocket mission to launch a <strong>NASA <\/strong>satellite in March reduced operating income by 42 percent. Orbital spokesman Barron Beneski said that while the company collected insurance to offset the loss of a payment from NASA, the failure would still be costly in the long-term. <br \/>\n&nbsp;&nbsp;&nbsp; &#8220;We will probably spend about $1.5 million investigating what went wrong and implementing a fix,&#8221; Beneski said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[04-22-11] Orbital Sciences Corp. reported a 52 percent jump in revenue at its satellites and space segment during the company\u2019s 2011 first fiscal quarter, backed by reported earnings of $12.3 million, compared with earnings of $9.3 million during the same period in 2009, the company announced in its latest financial results, issued April 21. &nbsp;&nbsp;&nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-84954","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84954"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=84954"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84954\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}