On May, 10 Orbital ATK, Inc. (OA) Analysts See $1.50 EPS

Lester Mason
April 18, 2018

Orbital ATK officials said that after initial flights of its intermediate configuration in 2021, OmegA will be Air Force certified for operational missions starting in 2022, with initial heavy configuration flights beginning in 2024.

The company's intermediate/heavy OmegA launch vehicle will compete with offerings from United Launch Alliance (ULA), SpaceX and Blue Origin. At a news conference, Orbital ATK spokesman Barron Beneski said OmegA is the "number one priority for growth initiatives in the company, and is projected to be the largest discretionary spending item in the company over the next couple of years".

The naming of the rocket, as well as the selection of the RL10C engine for OmegA's upper stage, was made at the 34 annual Space Symposium held in Colorado Springs, Colorado. Analysts predict that Orbital ATK Inc will post $6.09 earnings per share for the current year.

Charlie Precourt, a former NASA astronaut who now serves as Orbital ATK's vice president and general manager for propulsion systems, said there's a lot of commonality between the solid rocket motors used on OmegA and the motors used on boosters for NASA's heavy-lift Space Launch System. At far right, the heavy-class OmegA version. It's also a nod to Omega Centauri, the largest star cluster in the Milky Way. "OmegA is a robust all-American launch system with its entire design based on flight-proven technologies and common components from Orbital ATK's diversified lineup of rockets and propulsion systems".

OmegA's first two stages will utilize solid rocket motors as well as an Aerojet Rocketdyne RL10 engine in its upper stage.

OmegA is a three-stage rocket augmented by adding up to six strap-on boosters - the same as those produced for the Delta 4 and Atlas 5. (7,800 kg)& to geostationary equatorial orbits, according to Orbital ATK.

OmegA is slated to undergo propulsion system ground tests some time next year (2019) with the rocket's first flight now set to take place in 2021. EPS of $1.50 is 21.95 % up from 2017's $1.23 EPS. "Our OmegA rocket provides the best combination of performance, affordability and reliability to support the range of our customer's mission requirements". With Orbital ATK being a major satellite manufacturer, the plan is to offer "our own sallites in our own rockets for an attractive price".

Orbital ATK's entrant in the competition for national security launches has a new name: OmegA. As is the case of most USA launch operations, flights are planned to take place from Kennedy Space Center in Florida and Vandenberg Air Force Base located in Florida. Orbital ATK has a 12-month low of $93.50 and a 12-month high of $134.59. Aerojet Rocketdyne will test the RL-10C engines at its own facility in West Palm Beach, Florida.

Other reports by Iphone Fresh

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