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July 25, 1997updated 05 Sep 2016 1:04pm

COMPANY RESULT: ORION NETWORK SYSTEMS INC

By CBR Staff Writer

Orion Network Systems Inc, the Rockville, Maryland satellite communications company, has reported second quarter net losses of $24.7m up from losses of $6.8m last time, on revenue which increased by 64.9% to reach $16.7m; mid-term net losses were $50.7m from losses of $14.0 last time, while revenue declined by 72.6% to $10.1m.

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