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Orbital Sciences gets $15M Pentagon contract



By AP
21 July 2008 @ 05:42 pm EST

WASHINGTON - Orbital Sciences Corp. received a $15 million contract Monday from the Pentagon's Missile Defense Agency to build a medium-range target missile for Japan.

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Work on the contract, which is expected to be completed by January 2010 and includes an option for a second missile, will be done in Chandler, Ariz.

Shares of Dulles, Va.-based Orbital Sciences rose 39 cents to $25.08 Monday.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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