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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): May 4,1998
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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 May 4,1998, Orbital Sciences Corporation (the "Company") announced
that it has been selected as the space segment prime contractor for the initial
equatorial satellite network (known as the "ECCO" satellite telephone system)
of CCI International N.V.("CCI"). Subject to negotiation of definitive
documentation, the Company would receive a contract, valued at approximately
$450 million, to provide CCI with construction and launch services for 12
low-orbit communications satellites, and would provide CCI with up to $150
million in equity capital and vendor financing.
In addition, on May 4, 1998, the Company announced that it has
terminated discussions regarding a potential investment in, and procurement
agreement for, the "Ellipso" satellite network of Mobile Communications
Holdings, Inc.
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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: May 6, 1998 By: /s/ Jeffrey V. Pirone
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Jeffrey V. Pirone
Executive Vice President and
Chief Financial Officer
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