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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.




READ MORE (BBC News)


  • Another major deal in defense sector as global tensions riseBeaumont Enterprise
  • Northrop Grumman to buy missile maker Orbital for $7.8 billionReuters
  • Defense Giant Northrop to Buy Orbital ATK for $7.8 BillionBloomberg
  • Northrop Grumman is buying missile and rocket maker Orbital for $7.8 billionBusiness Insider
  • Northrop Grumman to acquire Orbital ATKSpaceNews
  • Another aviation mega-merger: Northrop Grumman to buy Orbital ATK for $7.8 billionChannel3000.com - WISC-TV3
  • Orbital (OA) Alert: Johnson Fistel Investigates Proposed Sale of Orbital ATK ...Markets Insider
  • Reports: Purchase of Orbital ATK by Northrop Grumman could be imminentSpaceFlight Insider
  • Northrop to buy Orbital ATK for $7.8 billion in cashMarketWatch


This post first appeared on The 5th News, please read the originial post: here

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Rocket and missile maker Orbital ATK sold for $7.8bn

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