-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QRVXa1lFyVodXRvnsvHHJ2r3fCY7ppSAbhyi2hRbQfHPN07Uo7ZxLEE2rwnZAIyK rJGiV53WuuFgbfFTSoTHEg== 0000950133-99-002004.txt : 19990623 0000950133-99-002004.hdr.sgml : 19990623 ACCESSION NUMBER: 0000950133-99-002004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990507 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990524 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORBITAL SCIENCES CORP /DE/ CENTRAL INDEX KEY: 0000820736 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 061209561 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14279 FILM NUMBER: 99633517 BUSINESS ADDRESS: STREET 1: 21700 ATLANTIC BLVD CITY: DULLES STATE: VA ZIP: 20166 BUSINESS PHONE: 7034065000 MAIL ADDRESS: STREET 1: 21700 ATLANTIC BLVD STREET 2: 21700 ATLANTIC BLVD CITY: DULLES STATE: VA ZIP: 20166 FORMER COMPANY: FORMER CONFORMED NAME: ORBITAL SCIENCES CORP II DATE OF NAME CHANGE: 19900212 8-K 1 ORBITAL SCIENCES CORPORATION FORM 8-K 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ 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 7, 1999 ------------------------ 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) ================================================================================ 2 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On May 7, 1999, MacDonald, Dettwiler and Associates Ltd. ("MDA"), a wholly owned subsidiary of Orbital Sciences Corporation ("Orbital"), purchased all the assets, including the stock of certain subsidiaries, and assumed certain liabilities relating to the space robotics business of Spar Aerospace Inc. ("Spar") for approximately $43,000,000. The assets acquired consist primarily of rights under customer contracts, a real estate lease, equipment, accounts receivable and intellectual property. MDA paid approximately one-half of the purchase price in cash at the closing, and issued an 8% unsecured promissory note to Spar for the remainder. The cash portion of the purchase price was funded with MDA's existing cash and borrowings under Orbital's Third Amended and Restated Credit and Reimbursement Agreement dated as of December 21, 1998, as amended among Orbital, Morgan Guaranty Trust Company of New York and the Banks listed therein. The promissory note, which was guaranteed by Orbital, is due in May 2000. The amount of the consideration paid for the assets was determined by negotiation among MDA, Orbital and Spar. The assets of Spar were used in the design, assembly, manufacture, marketing and support of robotics systems for space and entertainment applications. MDA intends to continue to use such assets in the design, assembly, manufacture and support of such products. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial Statements of Businesses Acquired. The required financial statements will be filed by amendment within 60 days following the date this report was required to be filed. (b) Pro Forma Financial Information. The required pro forma financial information will be filed by amendment within 60 days following the date this report was required to be filed. (c) Exhibits. The following exhibit shall be filed by amendment: Asset Acquisition Agreement dated as of March 18, 1999 between MDA and Spar. 3 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: May 24, 1999 By: /s/ Jeffrey V. Pirone ------------------------------ Jeffrey V. Pirone Executive Vice President and Chief Financial Officer 2 -----END PRIVACY-ENHANCED MESSAGE-----