Orbital Sciences expects 7.9 percent growth in its number of sate...
Orbital Sciences expects 7.9 percent growth in its number of satellite orders from 2007-2009, Orbital Chief Financial Officer Garrett Pierce said Thursday at the Kaufman Bros. Investors Conference in New York City. Orbital has orders in place for 16…
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satellites and 12 subsystems to be delivered from 2007 to 2009, he said. Most of the company’s satellite product lines are fully developed and in early stages of expected 12- to 15-year cycles, he said. Over the next three years, annual revenue growth should increase 12 to 14 percent per year; profit margins, 7 to 9 percent, he said. About 31 percent of Orbital’s projected $990 million 2007 revenue comes from commercial and international satellite operators, and 15 percent is from science and defense satellites, he said. Orbital is the market leader in small communications satellites with 50 percent share, and tied for No. 1 in small science and defense satellites with 20 percent, he said. About 5 percent of Orbital’s revenue comes from its GPS-based electronic transportation management systems (TMS), but Orbital wants to sell this business, he said. Though Orbital is the TMS market leader, the business is not allied closely enough to what the company does in satellites and rockets, he said.