Americas Orbital ATK has announced the award of a $359 million contract from the US Navy to continue full-rate production of AGM-88E advanced anti-radiation guided missiles (AARGM). The initial contract includes a $157 million award for Lot Six full-rate production, as well as an option for Lot Seven, and covers all-up round missiles and captive […]
Orbital ATK, the defense contractor who manages and operates the Lake City Army Ammunition Plant, will soon be bought by defense giant Northrop Grumman, according to an article released on Reuters. The purchase price is expected to be close to $8 billion USD. Show More Summary
NEWS YOU CAN USE: Why Defense Giant Northrop Just Paid $8 Billion For Space Company Orbital ATK: Here are 3 things this aerospace mega-deal tells us about the future of space exploration and nuclear weapons.
Orbital ATK launches Antares, Minotaur and Pegasus rockets and will provide the solid rocket boosters for NASA's Space Launch System rocket.
US defense group Northrop Grumman will buy out the rocket and missile maker Orbital ATK in a deal worth $9.2 billion, the firms said on Monday. The announcement comes around two weeks after industrial conglomerate United Technologies acquired aerospace supplier Rockwell Collins in a $30 billion deal. “Northrop Grumman will acquire Orbital ATK for approximately
Two Wall Street banks are set to earn a big payday from defense contractor Northrop Grumman's $7.8 billion acquisition of rocket manufacturer Orbital ATK. Independent investment bank Perella Weinberg Partners and Citigroup will share...Show More Summary
Aerospace and defense stock ETFs are rising on news of Northrop Grumman's $7.8 billion bid for Orbital ATK.
Americas Northrop Grumman announced Monday that it is to buy rocket maker Orbital ATK for $7.8 billion in cash. The acquisition—Northrop’s first since 2002’s takeover of TRW Inc—would establish Orbital as a new, fourth business sector under Northrop, and comes ahead of a likely jump in demand from the planned upgrades of US ballistic systems […]
Stocks are edging higher on Wall Street in early trading as the market comes off its best week since the beginning of the year. Technology companies and banks were among the biggest gainers early Monday. Chipmaker Nvidia jumped 3.8%, and JPMorgan Chase rose 0.7%. Aerospace manufacturer Orbital...
The $7.8 billion deal is slated to close in the first half of 2018.
Northrop Grumman announced Monday that it plans to acquire the rocket and satellite company Orbital ATK for $9.2 billion, in a deal that would further strengthen the giant defense contractor. Falls Church-based Northrop said it would pay $7.8 billion in cash, while assuming $1.4 billion in debt. “The acquisition of Orbital ATK is an exciting strategic […]
Northrop Grumman has reached a deal to acquire fellow defense contractor Orbital ATK for about $7.8 billion.
Defense giant Northrop Grumman Corp. is acquiring aerospace and defense firm Orbital ATK Inc. for about $7.8 billion in cash, a deal that would boost Northrop Grumman’s presence in the space, launch and missile industries. Orbital shareholders are to receive $134.50 per share in cash, a 22.2% premium...
The proposed deal to purchase the maker of components for missiles and satellites adds to consolidation in the aerospace industry at a time of growing military budgets.
US defense group Northrop Grumman is poised to buy out smaller rival Orbital ATK in a deal worth $7.5 billion, according to the Wall Street Journal. The deal, which comes around two weeks after industrial conglomerate United Technologies acquired aerospace supplier Rockwell Collins in a $30 billion deal, could be formalized by Monday, the paper
An Orbital ATK Minotaur 4 rocket boosted an Air Force tracking satellite into orbit Saturday
The First manned Orion mission took another step closer to reality this week as Orbital ATK, in partnership with NASA and Lockheed Martin, completed a successful static ground test of the abort rocket motor for the Orion capsule's Launch Abort System (LAS). Show More Summary
Company officials say they have no plans to retire Antares, which has secured its first mission order under the second round of NASA's commercial cargo flights, known as CRS-2.
In the latest twist of events to do with the 25mm XM25 “Punisher”, it appears the program is coming to a grinding halt after Military.com recently reported that the U.S. Army has completely canceled the program with Orbital ATK after almost two decades of development work. Show More Summary
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