<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF EARNINGS AT AND FOR THE YEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <CIK> 0000820736 <NAME> ORBITAL SCIENCES CORP /DE/ <MULTIPLIER> 1000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-1-1998 <PERIOD-END> DEC-31-1998 <CASH> 15,268 <SECURITIES> 7,922 <RECEIVABLES> 236,680 <ALLOWANCES> (21,570) <INVENTORY> 58,141 <CURRENT-ASSETS> 304,127 <PP&E> 239,240 <DEPRECIATION> (99,839) <TOTAL-ASSETS> 895,192 <CURRENT-LIABILITIES> 251,075 <BONDS> 181,281 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 370 <OTHER-SE> 418,982 <TOTAL-LIABILITY-AND-EQUITY> 895,192 <SALES> 730,662 <TOTAL-REVENUES> 730,662 <CGS> 549,628 <TOTAL-COSTS> 549,628 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 3,493 <INTEREST-EXPENSE> 8,886 <INCOME-PRETAX> (51,336) <INCOME-TAX> 5,216 <INCOME-CONTINUING> (56,552) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (56,552) <EPS-BASIC> (1.59) <EPS-DILUTED> (1.59)