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Orbital Sciences Corp. Message Board

  • namesbegone namesbegone Feb 28, 2011 11:05 PM Flag

    Nice Annual Report

    I couldn't find anything bad in this report:

    Consolidated Results of Operations for the Years Ended December 31, 2010, 2009 and 2008

    Revenues - Our consolidated revenues were $1,294.6 million in 2010, an increase of $169.3 million, or 15%, compared to 2009 due to higher revenues in our satellites and space systems and advanced space programs segments, offset by slightly lower revenues in our launch vehicles segment. Satellites and space systems segment revenues increased $144.8 million, or 41%, in 2010 due to increased activity on communications satellite contracts, science and remote sensing satellite contracts, including contracts acquired in our April 2010 spacecraft business acquisition ("2010 acquisition"), and technical services contracts. Advanced space programs segment revenues increased $78.8 million, or 23%, in 2010 primarily due to increased activity on the CRS contract and national security satellite contracts, including contracts acquired in our 2010 acquisition, partially offset by a decrease in activity on the Orion contract due to the termination of that contract for convenience by the customer in the second quarter of 2010. Launch vehicles segment revenues decreased $5.7 million, or 1%, in 2010 primarily due to decreased activity on missile defense interceptor and target launch vehicle contracts, partially offset by an increase in space launch vehicle revenues primarily attributable to a substantial increase in Taurus II launch vehicle revenues.

    Eliminations of intersegment revenues increased to $60.6 million in 2010 as compared to $11.9 million in 2009. Intersegment revenues included $51.8 million and $8.0 million in 2010 and 2009, respectively, pertaining to Taurus II launch vehicle production work in our launch vehicles segment for the COTS program that is being conducted in our advanced space programs segment.

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