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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 30, 2001
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ORBITAL SCIENCES CORPORATION
DELAWARE 0-18287 06-1209561
(State of incorporation) (Commission File Number) (I.R.S. Employer I.D. No.)
21700 ATLANTIC BOULEVARD
DULLES, VIRGINIA 20166
(703) 406-5000
(Address and telephone number
of principal executive offices)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On May 30, 2001, Orbital Sciences Corporation ("Orbital" or the
"company") sold 12,350,000 common shares of its Canadian subsidiary, MacDonald,
Dettwiler and Associates Ltd. ("MDA") to a group of Canadian investors that
include CAI Capital Partners and Company II, L.P., British Columbia Investment
Management Corporation and the Ontario Teachers' Pension Plan Board, raising
gross proceeds of approximately $112 million. The transaction price was
negotiated between Orbital and the purchasers. As a result of the transaction,
Orbital currently owns 5,650,000 common shares, or approximately 16% of MDA's
outstanding equity. Certain of the purchasers have an option through June 30,
2001 to acquire all or a portion of Orbital's remaining MDA shares.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
The company intends to file pro forma financial information required
pursuant to Article 11 of Regulation S-X no later than July 30, 2001.
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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 hereunto duly authorized.
ORBITAL SCIENCES CORPORATION
Date: June 11, 2001 By :/s/ Hollis Thompson
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Hollis Thompson
Vice President and Controller
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