Market Overview

Orbital ATK to Build Two Additional U.S. Weather Satellites for NOAA

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Options Awarded for Joint Polar Satellite System (JPSS) -3 and -4

Orbital ATK (NYSE:OA), a global leader in aerospace and defense
technologies, today announced that NASA has exercised options for two
additional Joint Polar Satellite System (JPSS) spacecraft to be built by
the company. Orbital ATK is currently producing the JPSS-2 spacecraft,
which is scheduled to be launched in 2021. All three satellites are to
be operated by the National Oceanic and Atmospheric Administration
(NOAA) to provide critical weather forecasting data and to advance
environmental and oceanographic science. The total contract amount for
all three spacecraft is valued at approximately $460 million.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180525005653/en/

Artist rendering of NOAA's JPSS spacecraft in orbit. NASA has exercised options for JPSS-3 and JPSS- ...

Artist rendering of NOAA's JPSS spacecraft in orbit. NASA has exercised options for JPSS-3 and JPSS-4 to be built by Orbital ATK. The company is currently producing JPSS-2. (Graphic: Business Wire)

The JPSS satellites will provide operational continuity of space-based
weather observations, extending the successful 50-year NOAA/NASA
partnership into the 2020 and 2030 decades. Orbital ATK is responsible
for the design and fabrication of the spacecraft, integration of
government-furnished instruments, testing of the satellites and in-orbit
check outs. The JPSS-2 satellite is on schedule for delivery in 2021,
while JPSS-3 and JPSS-4 are on contract for delivery in 2023 and 2026,
respectively, with launch dates determined by NOAA/NASA. Each JPSS
satellite will have a design life of at least seven years once launched
into orbit.

"Orbital ATK is making excellent progress on JPSS-2, and the program
team is ready to begin work on the additional two JPSS satellites," said
Steve Krein, Vice President of Science and Environmental Satellite
Programs at Orbital ATK. "The company has an extensive history of
delivering successful science and environmental satellites for our
customers, and we are honored to continue building on this legacy with
the JPSS satellites."

Representatives from NASA, NOAA and Orbital ATK completed a successful
spacecraft Critical Design Review (CDR) for the three JPSS spacecraft in
October 2017, which demonstrated that the program met all system and
schedule requirements. JPSS-2 is currently scheduled to begin spacecraft
integration and testing in summer 2018 at Orbital ATK's Gilbert,
Arizona, satellite manufacturing facility.

JPSS-2 will be the company's first operational weather spacecraft and
will be built on the company's LEOStar-3 platform, a flight-proven
flexible satellite platform that can accommodate a variety of missions,
including the successfully-launched NASA's Fermi and Neil Gehrels Swift
Observatory gamma-ray astrophysics satellites and the Landsat 8 Earth
science satellite. The Landsat 9 and ICESat-2 spacecraft currently in
production with the company are also built on this platform. JPSS-3 and
JPSS-4 will be manufactured and tested by Orbital ATK's Space Systems
Group at its facilities in Gilbert, Arizona.

About Orbital ATK

Orbital ATK is a global leader in aerospace and defense technologies.
The company designs, builds and delivers space, defense and aviation
systems for customers around the world, both as a prime contractor and
merchant supplier. Its main products include launch vehicles and related
propulsion systems; missile products, subsystems and defense
electronics; precision weapons, armament systems and ammunition;
satellites and associated space components and services; and advanced
aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK
employs approximately 14,000 people across the U.S. and in several
international locations. For more information, visit www.orbitalatk.com.

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