Orbital Sciences Says Profit Up 40 Percent

Orbital Sciences, a builder of satellites and rockets for commercial and government clients, said its second-quarter profit rose 39 percent, to $13.8 million from $9.9 million a year ago, on strong sales in its primary business lines. Revenue rose 39 percent, to $273.3 million from $197 million, the Dulles-based company said in a statement. Orbital said it booked $565 million in new contracts during the quarter.

The company also raised its profit outlook for the rest of 2007. It now expects earnings per share for the eyar to range from 82 cents to 87 cents, up from an earlier outlook of 77 cents to 82 cents.

By Mike Shepard  |  July 18, 2007; 11:55 AM ET  | Category:  Aerospace & Defense
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