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ORB > SEC Filings for ORB > Form 8-K on 20-Mar-2014All Recent SEC Filings

Show all filings for ORBITAL SCIENCES CORP /DE/

Form 8-K for ORBITAL SCIENCES CORP /DE/


20-Mar-2014

Other Events


Item 8.01. Other Events.

Orbital Sciences Corporation has agreed to dismiss without prejudice its antitrust lawsuit against United Launch Alliance, LLC ("ULA") and RD AMROSS,
LLC. The parties will now undertake to negotiate a business resolution for Orbital's access to the RD-180 rocket engine, subject to all necessary approvals from the U.S. and Russian governments. If a mutually agreeable resolution is not reached, Orbital will have the option to refile its lawsuit.

Over the last year, Orbital has conducted three successful launches of its Antares medium-class rocket, which uses liquid propulsion engines in its first stage. Orbital's Antares rocket currently uses Aerojet-Kuznetsov AJ-26 engines, and it has purchased a sufficient supply of those engines for launches through 2016. For future launches after 2016, Orbital is considering other engines, including the RD-180.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

Certain statements in this Report may be forward-looking in nature or "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, those related to our business strategy, the potential resolution of the dispute that is the subject to the lawsuit, projected plans and objectives of management and forecasts of future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include the words "anticipate," "forecast," "expect," "believe," "should," "will," "intend," "plan" and words of similar substance. Such forward-looking statements are subject to risks, trends and uncertainties that could cause the actual results or performance of the company to be materially different from the forward-looking statement.
Uncertainty surrounding factors such as our ability to reach agreement on open business issues with ULA and RD AMROSS, our ability to obtain necessary licenses from the U.S. and Russian governments, the current political instability in Ukraine and the effect of potential economic sanctions against Russia and related events, continued government support and funding for key space and defense programs, new product development programs, the availability of engines and other key product components, product performance and market acceptance of products and technologies, achievement of contractual milestones, government contract procurement and termination risks, as well as other risk factors and business considerations described in the company's SEC filings, including its annual report on Form 10-K, may materially impact Orbital's actual financial and operational results. Orbital assumes no obligation for updating the information contained herein.


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