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Budget Submitted By NASA And Department Of Defence In Line With Expectation, (AVAV, ATK, ORB)
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Posted on 02/02/10 at 11:04am by Ed Liston
Analysts at FBR Capital Markets view the budgets submitted by The Department of Defence and NASA to be in line with their expectations.
The firm believes that while the outlook for AeroVironment Inc (NASDAQ: AVAV) and Alliant TechSystems Inc. (NYSE: ATK) remain uncertain, the outlook for Orbital Sciences Corp. (NYSE: ORB) has improved with these budget submissions.
AeroVironment made a funding request for $72.2 million as compared to the request of $123.6 million made last year. NASA is planning to extend the international space station to 2020, which could put ORB in line for another sizable CRS contract. NASA has requested an additional funding of $312 million for the CRS program to be shared by Orbital Sciences and SpaceX.
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