Orbital Annual Report Filing With SEC Delayed

Orbital Sciences Corporation delayed filing of its Annual Report on Form 10-K for the year ended December 31, 2000 with the U.S. Securities and Exchange Commission (SEC). The company expects to file its Annual Report with the SEC no later than April 16, 2001, in accordance with SEC rules and regulations. Orbital is requiring additional time to assess the impact on 2000 results, if any, of NASA's March 1, 2001 termination for convenience of the X-34 reusable launch vehicle contract. In addition, the company is continuing with its efforts towards finalizing two major transactions involving the sale of certain non-core businesses.

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