Orbital Sciences Reports Increased Cash Flow, Customer Interest After NASA Demo Flight; David Thompson Comments

OrbitalOrbital Sciences is seeing better operations cash flow and customer interest after it completed its demo flight with NASA to resupply the International Space Station, The Washington Post reported Sunday.

Kathy Orton reported that the Dulles, Va.-based company’s third-quarter cash flow from operations is $31.5 million, up from the corresponding period in 2012 which was $20.8 million.

But Orbital is expecting increased numbers after its latest project with NASA.

In fact, Barron Beneski, an Orbital spokesman, told the Post that the company has received four orders for commercial satellites in the past six months after a nine-month drought.

“Space is a bigger part of the economy . . . than it has ever been, and that continues to advance. Even though there may be sequesters and budget movements and all that, from Orbital’s perspective as a space company, we like where we are,” Beneski said.

David W. Thompson, Orbital president and CEO, said in an Oct. 17 conference call, that the company has “one specific pursuit” with an unnamed commercial customer.

 

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