Orbital Sciences finds NASA contract costly
Although they won a sizeable NASA contract—to resupply the International Space Station—Orbital Sciences Corp. is finding the cost of filling that contract is a drag on profits.
Orbital Sciences is spending a lot of money—including massive hiring—to rush development of the vehicles to be used to fulfill its obligations under the contract. The Taurus 2 rocket and the Cygnus re-suppy vehicle will need to be ready by 2010. They haven’t been fully developed or built yet.
UPDATE: Orbital Sciences’ Taurus XL rocket failed this morning to put NASA’s Orbiting Carbon Observatory into orbit. This was the first failure of that launch vehicle since September 2001.