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Orbital Sciences completes $55 million acquisition

Fri, 04/02/2010 - 2:30pm
The Associated Press

Orbital Sciences Corp. said Friday that it has completed its $55 million acquisition of a General Dynamics Corp. subsidiary that specializes in spacecraft and development.

The deal, announced a month ago, puts Orbital Sciences in a better position to sell space systems equipment to the government. The General Dynamics subsidiary has built a variety of satellites for the U.S. Air Force, NASA, U.S. Navy and other government agencies during the past 20 years.

Orbital already makes satellites as well as rockets and missiles.

About 325 General Dynamics employees will be joining Orbital.

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