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Rocket and missile maker Orbital ATK sold for $7.8bn

Image copyrightGetty ImagesNorthrop Grumman has confirmed a deal to buy missile and rocket maker Orbital Atk that is worth about $7.8bn (£5.7bn) in cash.

The takeover is Northrop's first big deal for several years and is a departure from its focus of returning profits to shareholders.

Image copyrightGetty ImagesLast month Northrop won a $328m contract to develop a replacement of the Minuteman III intercontinental ballistic missile system for the US Air Force.

Northrop is also the prime contractor for the B-21 bomber, as well as the maker of the Global Hawk unmanned aerial vehicle.

Earlier this month, aerospace supplier United Technologies said it was buying avionics and interiors maker Rockwell Collins in a $30bn deal - the biggest in the industry's history.


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  • Orbital (OA) Alert: Johnson Fistel Investigates Proposed Sale of Orbital ATK ...Markets Insider
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  • Northrop to buy Orbital ATK for $7.8 billion in cashMarketWatch

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Rocket and missile maker Orbital ATK sold for $7.8bn


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