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Orbital ATK Lands Weather Satellite Contract

Wednesday, March 25, 2015 5:01:00 AM PDT | VentureDeal
   Dulles, Virginia  --  Aerospace and defense technology company Orbital ATK (NYSE: OA) has announced that it has been awarded a new $470 million contract by NASA.

The contract is to "design, produce and integrate up to three Joint Polar Satellite Systems (JPSS) spacecraft."

The satellites will be operated by the National Oceanic and Atmospheric Administration as part of its weather forecasting, environmental and oceanographic science operations.

The satellites will be built using the company's LEOStar-3 platform, which is designed for medium-class a low altitude orbit spacecraft.

The contract includes a firm order for the first satellite, valued at $253 million, with options for two additional satellites with an additional value of $217 million.

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