EX-5 4 w60598aex5.txt OPINION OF HOGAN & HARTSON L.L.P. EXHIBIT 5 [HOGAN & HARTSON L.L.P. LETTERHEAD] May 13, 2002 Board of Directors Orbital Sciences Corporation 21839 Atlantic Boulevard Dulles, Virginia 20166 Ladies and Gentlemen: We are acting as counsel to Orbital Sciences Corporation, a Delaware corporation (the "COMPANY"), in connection with its registration statement on Form S-8, as amended (the "REGISTRATION STATEMENT"), filed with the Securities and Exchange Commission relating to the registration of 1,000,000 shares of the Company's common stock, par value $.01 per share (the "SHARES"), issued from time to time pursuant to the Orbital Sciences Corporation 1999 Employee Stock Purchase Plan, as amended (the "PLAN"). This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item 601(b)(5) of Regulation S-K, 17 C.F.R. Section 229.601(b)(5), in connection with the Registration Statement. For purposes of this opinion letter, we have examined copies of the following documents: 1. An executed copy of the Registration Statement. 2. The Restated Certificate of Incorporation of the Company, as amended, as certified by the Secretary of the State of the State of Delaware on May 8, 2002 and by an Assistant Secretary of the Company on the date hereof as being complete, accurate, and in effect. 3. The Amended and Restated Bylaws of the Company, as certified by an Assistant Secretary of the Company on the date hereof as being complete, accurate, and in effect. 4. Resolutions of the Board of Directors of the Company adopted at meetings held on October 22, 1998 and January 24, 2002, as certified by an Assistant Secretary of the Company on the date hereof as being complete, accurate, and in effect, relating to the approval of the Plan and arrangements in connection therewith. 5. The Plan. In our examination of the aforesaid documents, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the accuracy and completeness of all documents submitted to us, the authenticity of all original documents, and the conformity to Board of Directors Orbital Sciences Corporation May 13, 2002 Page 2 authentic original documents of all documents submitted to us as copies (including telecopies). This opinion letter is given, and all statements herein are made, in the context of the foregoing. This opinion letter is based as to matters of law solely on the Delaware General Corporation Law, as amended. We express no opinion herein as to any other laws, statutes, ordinances, rules, or regulations. As used herein, the term "Delaware General Corporation Law, as amended" includes the statutory provisions contained therein, all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting these laws. Based upon, subject to and limited by the foregoing, we are of the opinion that following the issuance of the Shares by the Company pursuant to the Plan, the Shares will be validly issued, fully paid and nonassessable. This opinion letter has been prepared for your use in connection with the Registration Statement and speaks as of the date hereof. We assume no obligation to advise you of any changes in the foregoing subsequent to the delivery of this opinion letter. We hereby consent to the filing of this opinion letter as Exhibit 5 to the Registration Statement. In giving this consent, we do not thereby admit that we are an "expert" within the meaning of the Securities Act of 1933, as amended. Very truly yours, /s/ Hogan & Hartson L.L.P. HOGAN & HARTSON L.L.P. 2