Current Balance Sheet

ORBITAL SCIENCES CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands, except share data)

	March 31, 2008	December 31, 2007
ASSETS		(As Adjusted)
Current Assets:
Cash and cash equivalents	$ 244,253	$ 235,822
Receivables, net	206,709	183,507
Inventories, net	26,505	26,549
Deferred income taxes, net	44,516	44,420
Other current assets	3,503	5,508
Total current assets	525,486	495,806
Investments	25,500	28,000
Property, plant and equipment, net	97,824	95,713
Goodwill	55,551	55,551
Deferred income taxes, net	95,723	103,792
Other non-current assets	8,486	9,456
Total Assets	$ 808,570	$ 788,318

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued expenses	167,286	131,805
Deferred revenues	61,289	79,339
Total current liabilities	228,575	211,144
Long-term obligations	143,750	143,750
Other non-current liabilities	520	325
Total liabilities	372,845	355,219
Commitments and contingencies
Stockholders' Equity:
Preferred Stock, par value $.01; 10,000,000 shares authorized, none outstanding	---	---
Common Stock, par value $.01; 200,000,000 share authorized, 58,426,603 and 58,753,536 shares outstanding, respectively	584	587
Additional paid-in capital	546,508	554,451
Accumulated other comprehensive loss	(9,861)	(6,751)
Accumulated deficit	(101,506)	(115,188)
Total stockholders' equity	435,725	433,099
Total Liabilities and Stockholders' Equity	$ 808,570	$ 788,318

See accompanying notes to condensed consolidated financial statements.