Stock Price: 133.57 +0.04 5/18/2018 3:59 PM ET

Stock Price: 133.57 +0.04 5/18/2018 3:59 PM ET

Orbital ATK On Track to Launch Industry’s First Commercial In-Space Satellite Servicing System in 2018

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In less than a year after announcing its first customer contract, Orbital ATK has made significant progress in developing its new satellite life extension service. The innovative technology, a first in the industry, gives satellite operators the capability to extend the life of a healthy satellite. Orbital ATK remains on track to introduce its in-orbit satellite servicing system with the Mission Extension Vehicle-1 (MEV-1). The vehicle is currently under production at the company’s satellite manufacturing facility in Dulles, Virginia. Scheduled to launch in 2018, the MEV-1 will begin its mission extension service for Intelsat, S.A., one of the world’s leading commercial satellite providers. Under terms of the five-year contract, the MEV-1 will provide life extension services to an Intelsat satellite with the option to service multiple satellites using the same MEV vehicle.

Controlled by the company’s satellite operations team, the MEV-1 uses a reliable, low-risk docking system that attaches to existing features on a customer’s satellite. It provides docked life extension services by taking over the propulsion and attitude control functions. Other capabilities include inspection and external imagery assessment, relocation of customer satellites to different orbital slots or to different orbits, and inclination pull-down services. Based on the company’s GEOStar spacecraft bus platform, the vehicle has a 15-year design life with the ability to perform numerous dockings and undockings during its life span.

See how the MEV will work in orbit below.

The MEV-1 path to launch in 2018 includes several mission milestones already achieved:

“All of these activities and progress on MEV-1 align with our schedule for launch in 2018,” said Tom Wilson, President of Space Logistics, LLC. “Our game-changing technology will redefine the operational lifespan for satellites and provide maximum value to our customers. The MEV-1 mission is just the first step toward executing our roadmap to introduce even more advanced space logistics capabilities and services for commercial and government customers in the future.”

As development continues on the MEV-1 including an upcoming System Critical Design Review and the beginning of satellite subsystem integration and testing, work is underway on space logistics technologies for the future. Our roadmap targets robotics and high power solar electric propulsion capabilities, inspection and repair of ageing satellites as well as developing in-orbit robotic assembly technologies that can assist in building large space structures such as Mars transport vehicles. These innovations support Orbital ATK’s vision to establish a fleet of servicing vehicles that address the diverse needs of GEO satellites and provide customers with access to new markets and new opportunities.

The Orbital ATK Rendezvous, Proximity Operations and Docking (RPOD) Lab uses full scale mock-ups of client vehicle and Mission Extension Vehicles to test RPOD sensors, actuators, control algorithms and contact dynamics of our satellite servicing vehicles.