Orbital Acquires General Dynamics’ Spacecraft Business

Orbital Sciences Corporation (NYSE: ORB) finalized the acquisition of a spacecraft development and manufacturing business from General Dynamics Advanced Information Systems, a subsidiary of General Dynamics Corporation (NYSE: GD).

“Today, we are very excited to welcome a great team of highly qualified and experienced satellite professionals to the Orbital family, ” said Mr. David W. Thompson, Orbital’s Chairman and Chief Executive Officer. “With the addition of important new strategic customer relationships, a broad range of complementary satellite products and engineering capabilities, and a state-of-the-art production facility, we have significantly strengthened our competitive position in the defense and intelligence, civil government and commercial satellite markets.”

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