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Orbital ATK Gets Order From Intelsat for Galaxy 30 Satellite
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Orbital ATK announced that it received an order from Intelsat to build the Galaxy 30 communications satellite. This order continues the long business partnership of these two companies, as Galaxy 30 will be the 11th satellite to be built by Orbital ATK for Intelsat.
The Galaxy 30 satellite will be based on Orbital ATK’s highly successful GEOStar-2™ satellite platform. It will be made and tested at Orbital ATK’s satellite manufacturing facility in Dulles, VA, and will primarily serve video markets in North America. The satellite is scheduled for launch in early 2020.
Leader in Communication Satellites
Orbital ATK is among the world’s leading suppliers of communication satellites. Galaxy 30 will be the 41st commercial spacecraft to be manufactured by it for customers around the world.
Orbital ATK’s GEOStar-2 spacecraft platform — the 1.5-5.5 kilowatt (kW) commercial geosynchronous (GEO) communications satellites — provides direct-to-home TV broadcasting, cable program distribution, business data network capacity, regional mobile communications and similar services.
Orbital ATK has extended power and payload capabilities of GEOStar-2 satellites with its new GEOStar-3 satellites, which can provide up to 8.0 kW of payload power and can accommodate virtually all types of commercial communications payloads.
Demand for Satellites
The communication boom, investment by the governments across the globe in the geospatial industry and use of satellite imaging in various other industries has been helpful in pushing up the demand for satellites.
Ongoing research and development activities and use of new technology are making satellites extremely efficient. The Defense sector is one of the major customers for satellites.
Lockheed Martin Corporation (LMT - Free Report) and The Boeing Company (BA - Free Report) are some of the other important suppliers in the global satellite market. Acquisition of Orbital ATK by Northrop Grumman Corporation (NOC - Free Report) will expand the latter’s presence in this promising communication satellite space.
The strong performance of the company can be attributed to its diverse product offering and ability to win contracts at regular interval from its wide customer base.
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Orbital ATK Gets Order From Intelsat for Galaxy 30 Satellite
Orbital ATK announced that it received an order from Intelsat to build the Galaxy 30 communications satellite. This order continues the long business partnership of these two companies, as Galaxy 30 will be the 11th satellite to be built by Orbital ATK for Intelsat.
The Galaxy 30 satellite will be based on Orbital ATK’s highly successful GEOStar-2™ satellite platform. It will be made and tested at Orbital ATK’s satellite manufacturing facility in Dulles, VA, and will primarily serve video markets in North America. The satellite is scheduled for launch in early 2020.
Leader in Communication Satellites
Orbital ATK is among the world’s leading suppliers of communication satellites. Galaxy 30 will be the 41st commercial spacecraft to be manufactured by it for customers around the world.
Orbital ATK’s GEOStar-2 spacecraft platform — the 1.5-5.5 kilowatt (kW) commercial geosynchronous (GEO) communications satellites — provides direct-to-home TV broadcasting, cable program distribution, business data network capacity, regional mobile communications and similar services.
Orbital ATK has extended power and payload capabilities of GEOStar-2 satellites with its new GEOStar-3 satellites, which can provide up to 8.0 kW of payload power and can accommodate virtually all types of commercial communications payloads.
Demand for Satellites
The communication boom, investment by the governments across the globe in the geospatial industry and use of satellite imaging in various other industries has been helpful in pushing up the demand for satellites.
Ongoing research and development activities and use of new technology are making satellites extremely efficient. The Defense sector is one of the major customers for satellites.
Lockheed Martin Corporation (LMT - Free Report) and The Boeing Company (BA - Free Report) are some of the other important suppliers in the global satellite market. Acquisition of Orbital ATK by Northrop Grumman Corporation (NOC - Free Report) will expand the latter’s presence in this promising communication satellite space.
Price Movement
Shares of Orbital ATK have returned 48.9% in the last 12 months, significantly outperforming the Zacks Aerospace and Defense Equipment industry’s rally of 30.7%.
The strong performance of the company can be attributed to its diverse product offering and ability to win contracts at regular interval from its wide customer base.
Zacks Rank
Orbital ATK currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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