Orbital ATK selects Aerojet Rocketdyne's RL10C for newly christened OmegA rocket

An artist's concept of Orbital ATK's OmegA rocket in flight

An artist's concept of Orbital ATK's OmegA rocket in flight

Orbital ATK, Inc. develops and produces aerospace, defense, and aviation-related products to the U.S.The company has $7.68 billion market cap.

OmegA's solid-fuel lower stages, as previously disclosed, are based on space shuttle solid rocket motor segments developed by Orbital ATK, and solid strap-on boosters used on ULA's rockets.

Orbital ATK and the Air Force have spent a total of $250 million on the development effort over the last three years, and the company said it's committed to investing even more. The vehicle also incorporates Orbital ATK large composites interstages and 5m fairing.

Orbital ATK intends to use variants of the OmegA rocket to launch intermediate to heavy-class payloads for USA national security customers.

Orbital ATK's entrant in the competition for national security launches has a new name: OmegA.

Shares of Orbital ATK Inc (NYSE:OA) have been given an average recommendation of "Buy" by the twelve brokerages that are now covering the company.

OmegA is on a path to complete propulsion system ground tests in 2019 and conduct its first launch in 2021. This is an increase from Orbital ATK's previous quarterly dividend of $0.30.

The other launch providers competing for national security launches include SpaceX and United Launch Alliance, which already have been certified by the Air Force.

Both the BE-3U and a variant of Aerojet Rocketdyne's RL10 are in the running for Vulcan, the next-gen rocket ULA is using to go after the same pot of Air Force LSA money as Blue Origin, Orbital ATK and SpaceX. Orbital ATK provides solid rocket motors for Vulcan.

The company said it anticipates performing the maiden flight of the rocket's intermediate version in 2021 and securing certification in 2022 to launch the vehicle for EELV missions, followed by initial flights of the vehicle's heavy configuration by 2024. The company has a quick ratio of 1.59, a current ratio of 1.74 and a debt-to-equity ratio of 0.67.

That could give Orbital ATK an edge when it comes to technical risk and launch cost, Precourt said. (NYSE:AJRD), is an innovative company delivering solutions that create value for its customers in the aerospace and defense markets. "We have some "letters of intent" in hand for payloads", he said.

After machining an Omega first-stage case, Orbital ATK technicians install fasteners into the forward attach ring.

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