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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 2,1998
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ORBITAL SCIENCES CORPORATION
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DELAWARE 0-18287 06-1209561
(State of incorporation) (Commission File Number) (I.R.S. Employer I.D. No.)
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21700 ATLANTIC BOULEVARD
DULLES, VIRGINIA 20166
(703) 406-5000
(Address and telephone number
of principal executive offices)
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ITEM 5. OTHER EVENTS
On July 2, 1998, ORBCOMM Corporation announced that it has elected to
postpone its proposed initial public offering of common stock. ORBCOMM Corp.
was organized for the sole purpose of investing in and acting as a general
partner of ORBCOMM Global, L.P. ("ORBCOMM").
Orbital Sciences Corporation ("Orbital"), through its subsidiary Orbital
Communication Corporation, and Teleglobe Mobile Partners, an affiliate of
Teleglobe Inc., the existing fifty percent partners in ORBCOMM, each has
reaffirmed its commitment to continue to develop the ORBCOMM satellite-based
global data messaging business. In addition, the partners have agreed to
provide funding while they consider options for future financing at ORBCOMM.
Orbital expects to fund its share of ORBCOMM's capital needs through existing
resources, including cash from operations and working capital.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ORBITAL SCIENCES CORPORATION
Date: July 2, 1998 By: /s/ Jeffrey V. Pirone
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Jeffrey V. Pirone
Executive Vice President and
Chief Financial Officer
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