Orbital ATK Wins New 8-Year Contract With NASA Valued At Up To $1.5 Billion

by Jayson Derrick

January 15, 2016 8:43 AM | 1 min read | Make a Comment

Orbital ATK IncOA

, an aerospace and defense company,

announced on Thursday it has won a second contract with NASA that is valued at $1.2 to $1.5 billion. Orbital ATK noted that it was selected by NASA to provide commercial cargo delivery and disposal services to and from the International Space Station (ISS) to be carried out beginning in 2019. Orbital ATK has already delivered approximately 16,000 pounds of cargo to the ISS during four successful missions since 2013 Orbital ATK added that NASA could award additional contracts for the period 2021 through 2024, depending on the operational requirements of the ISS. "We are grateful for NASA's continued confidence in our ability to provide reliable and affordable commercial cargo transportation services to the International Space Station," said David W. Thompson, Orbital ATK's President and Chief Executive Officer. "With our flexible cargo delivery system now up and running, our team is well prepared to deliver essential supplies to the International Space Station for years to come."

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted In: News International Space Station NASA Orbital ATK

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Benzinga.com on devices