News - Orbital
Continental and Orbital agree on restructured joint venture scope to accelerate Synerject growth and profits. Orbital becomes Continental's exclusive representative for specific CNG and LPG products for passenger cars, transport and mining applications in Australia and New Zealand. Synerject pays a special dividend of US$2.25m to each of Orbital and Continental. Continental will take a majority interest in Synerject by the purchase of 8% of Synerject from Orbital. PERTH, Australia, March 30 /PRNewswire-FirstCall/ -- International clean energy technology group, Orbital Corporation Limited (ASX: OEC - "Orbital"), together with Continental Corporation has changed the commercial and ownership arrangements of their joint venture, Synerject LLC. Orbital said today that it had settled a long standing arrangement to take up 10% of Synerject shares to maintain a 50:50 joint ownership with Continental by payment of US$4 million.
Australian clean energy technology group Orbital has completed the acquisition of the Sydney-based liquefied petroleum gas systems supplier, Boral Alternative Fuel Systems.
Orbital Sciences Corporation (NYSE:ORB) announced today that Mr. Michael E. Larkin has been promoted to the position of Executive Vice President and General Manager of its Space Systems Group (SSG).
Orbital Sciences Corporation (NYSE:ORB) announced today that four of its executives are being promoted to new positions within the company. Mr. G.
Orbital Sciences Corporation (NYSE:ORB): -- Contract Provides Replacement Satellite for THOR II, Which Will Be Retired From Service in 2008 -- -- Telenor Contract Is Orbital's Third Firm Order for Smaller-Sized GEO Communications Satellites in 2005 and First European Sale -- Telenor ASA (OBX:Tel //Nasdaq:TELN) and Orbital Sciences Corporation (NYSE:ORB) announced today that they have signed a contract for the delivery of a new geosynchronous (GEO) communications satellite.
