ORBCOMM (ORBC), SpaceX Update Schedule for OG2 Satellites
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ORBCOMM Inc. (Nasdaq: ORBC) and Space Exploration Technologies (SpaceX) today announced the launch schedule for ORBCOMM’s second generation (OG2) satellites. The updated plan includes launching the first OG2 prototype satellite on the first Cargo Re-supply Services (CRS) mission in mid-2012, followed closely by an additional launch of two OG2 satellites into a high inclination orbit as a secondary payload in late 2012. In early 2013, SpaceX plans to launch eight to twelve OG2 satellites, and the remainder of the constellation of 18 OG2 satellites is expected to be launched in 2014. All launches are expected to be on Falcon 9 rockets.
The parameters of the Falcon 9 launch of eight to twelve OG2 satellites as its primary mission in early 2013 will be optimized to ensure the best coverage for the enhanced OG2 messaging services. ORBCOMM expects several OG2 satellites will be directly inserted into a specific plane to immediately improve messaging services while other satellites will be put into a transfer orbit and drift to their final orbit location. ORBCOMM expects the drifting operation will take several months to occur and that the satellites will be functional and providing messaging services during this period.
The parameters of the Falcon 9 launch of eight to twelve OG2 satellites as its primary mission in early 2013 will be optimized to ensure the best coverage for the enhanced OG2 messaging services. ORBCOMM expects several OG2 satellites will be directly inserted into a specific plane to immediately improve messaging services while other satellites will be put into a transfer orbit and drift to their final orbit location. ORBCOMM expects the drifting operation will take several months to occur and that the satellites will be functional and providing messaging services during this period.
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