Time to get out my tinfoil hat just in case some nefarious entity makes improper use of this. Will also inform my Aussie friends of what is happening--hee hee!
I saw that headline last night and scratched my head? Apparently Orbital has been working with Scan Eagle , a Boeing sub, on a commercial drone. Scan Eagle has been operating in the Iraq theater since 2003. Orbital signed an agreement in early 2013 to build these unmanned vehicles from the ground up. Yesterday they made delivery for initial use on detecting wildfires in Australia and for the fishing industry in Alaska. Orbital will have a facility in US, and though initial revenues are thought to be in the 100 million range, the expected revenues for this industry could be near 2 billion by 2020. I like this!
Boing gets about 2/3 of the money and Space X about 1/3. Will be interesting to follow their progress towards a 2017 launch estimate. Also saw something about ORB and and unmanned vehicle propulsion unit but could not find full article. Have you seen it doc or you clamdigger?
Interesting observations. I have already seen posts claiming there will be something rotten in Denmark if SpaceX does not get the contract or the majority of the deal. By all means, let's get an engine built in the U.S. that we can rely upon for launches. And, by all means, let's get on with this ATK/ORB deal. If private job creation continues in the 200,000 plus range each month, the Fed will act to raise rates although I suspect they will stay relatively low for some time.
Going on in the aerospace, rocket propulsion world.
Let me start with my Fed prediction, no change in language. My guess is that they do not want to disrupt the Xmas selling season. I think that is what is causing the market to move higher here. Be certain however, the Fed is falling behind the curve and by the end of the first quarter 2015, they will move and by more than the market currently expects.
Today ULA is launching a super secret package for the Air Force. Of course , aboard a RD180.
The war between Bezo/ ULA and Musk is heating up. Rumor has it that ULA will announce tomorrow that in a joint effort with Blue Orgin they will develop a new engine to replace the RD180. Good luck with that...
Later today NASA will select a firm to be a primary crew carrier to the ISS. Talk says Boeing will get the bulk of the contract. SpaceX will not be ignored, and the legions of Muskies will be all over the internet complaint foul.
Where is little old ORBi/ Atk? Waiting ,watching... It will be interesting to see what happens over the next few months. In the end I am glad ORB did not participate in the crew aspect of ISS .
I am reminded of who made the money during the CA gold rush. It was the suppliers of goods not the prospectors, most of whom went bust. Need for communications birds is a limited amount so a company like ORB that builds them and has other lines of business as well made itself an entity that ATK was happy to take up in a merger of sorts.
I can't remember where I read this but ....with all the competition for commercial launches by SpaceX, Arianne and ULA due to lower pricing, it seems that the builders of satellites are the beneficiaries. Quite a few wins for building satellites this quarter by ORB. While it may be meaningless , next month's financials could be very very good for ORB. Next , CRS mission scheduled for NET October 19, which will utilize an enhanced second stage ATK engine for better performance. Things looking up here.
My thought was if they went all in. I was not talking about defeating an ideology, but removing them from the Iraq theater. If a country which spends 800 billion a year on defense cannot demolish a rag tag army of what ? 50,000, poorly trained terrorist in 3 days then we are wasting a whole ton of money.
I do agree that when the books are opened SpaceX will probably have some issues. That said, the Falcon was built with high usage volume in mind,and they have an enormous backlog / launch manifest to meet that .
Hi Alex. I have heard nothing officially, nor have I seen any proxy vote material. It is supposed to close in the 4th quarter. I had heard from some arb house that it was going to happen in October. Orb is scheduled end to report earnings mid Oct and ATK in early Nov. so maybe after that?
Remember when Orbital was nearly 50 dollars a share and they had accomplished virtually nothing? That is my only point about SpaceX as a stand alone entity. I doubt if it would be profitable given all the costs involved even with its ISS contract. Orbital was burning through funds pretty quickly and so must be SpaceX. Of course the price of the supposed shares would rely on the story and dreams behind the company. Even if we combine Tesla and Solar City and battery ideas, they are all high cost.
The self proclaimed banking class hero should be completely ignored. However, the idea that ISIS is going to be defeated in three days is mind boggling and yes an extended war on this terrorist group that has merged with al qaeda, taken over half of IRAQ and Syria, and placed terrorist cells around the world will be lucrative for Orb/ATK. C'mon man, we're still fighting al qaeda and hamas 13 years since 9/11/01. Also as long as they are supported clandestinely by Iran, and even more clandestinely by Russia, they aren't going to go away easily.
Sentiment: Strong Buy
What can one say? Jimmy is Jimmy and it seems he spent much time lambasting ORB's chances all the way from 12 to 26 whenever he was asked about it.
Was obviously an outgrowth of Cramer's strong pitch for ATK yesterday. A three year war with ISIS? I suspect it would take no more than 3 days if we went all in. While I hope these price gains stick, I suspect that if they do, it won't be for for Cramer's thesis. Heck , he doesn't even know the right name of the company ATK merged with. I think this is the second time he referred to Orbital Sciences as, Orbital Systems...geez Jimmy.
At least SpaceX has built a track record and has a book of business. Any valuation would get the Musk factor. There are a lot of end users for cars and electricity, not so much for vacations to Mars. Looks like they are getting their act together however, they have another Dragon scheduled for launch next week.
Some posters have posited what a share issue of SpaceX would equate to in dollars per share and the guesstimates have been pretty strange. What with two launches being destroyed due to malfunctions in the past month or so I think that share price might suffer. SpaceX has growing pains like any other venture of this sort and the costs are huge to do what they envision such a a Mars suitable landing/return craft. An underwriter would have to determine potential profitability for the whole range of ventures before ever bringing this company into the public stock sector and I suspect that would be a tough metric to determine.
I, probably like you, thought PDS was finally breaking out of the doldrums but drifted back a couple bucks. Perhaps dropping oil prices and easing tensions in some areas of the world. I note that Libya is once again exporting oil after its recent turmoil and perhaps the actions against ISIS are convincing traders that oil will drop more which I imagine would surely slow drilling. So many things are involved in the energy markets that I certainly cannot keep up and so I guess I will just have to believe in the PDS story a while longer.
PDS seems to be building a very good future for itself with its advanced rigs and expanded geographical contracts. I can see it doubling in a couple years if Mr. Market does not throw us all for a loop. I think they will also increase that dividend in tandem with better earnings.