Does Northrop Grumman own Orbital ATK?
Orbital ATK was purchased by Northrop Grumman in 2018. Northrop Grumman Innovation Systems designed, built, and delivered space, defense, and aviation-related systems to customers around the world both as a prime contractor and as a merchant supplier.
How much did Northrop Grumman pay for Orbital ATK?
Northrop Grumman announced the $9.2 billion deal on September 18. To buy Orbital ATK, it paid $7.8 billion in cash and assumed $1.4 billion in debt. Executives from both firms have pushed back on the idea that the combination reduces competition in the defense and space sectors.
Who bought out Orbital ATK?
Northrop Grumman
Northrop Grumman its acquisition of Orbital ATK on June 6, 2018. WASHINGTON ― Northrop Grumman won U.S. antitrust approval to complete its $7.8 billion acquistion of rocket maker Orbital ATK on June 5, and is expected to complete the transaction by market close today.
When did Northrop Grumman buy Orbital ATK?
Northrop Grumman’s $9.2 billion acquisition of Orbital ATK, announced in September 2017, closed last June. When the deal was announced, the companies said they expected a variety of benefits, from cost savings to new business opportunities, from incorporating Orbital ATK into Northrop Grumman.
When did orbital buy ATK?
– June 6, 2018 – Northrop Grumman Corporation (NYSE: NOC) today announced it has closed the acquisition of Orbital ATK Inc. (“Orbital ATK”), a global leader in aerospace and defense technologies. Orbital ATK is now Northrop Grumman Innovation Systems, a new, fourth business sector.
What is Northrop Grumman known for?
Northrop Grumman is a pioneering company. We design, develop, build and support some of the world’s most advanced products, from cutting-edge aircraft and next-generation spacecraft to unrivaled cyber security systems and all-seeing radars.
Who owns Northrop Grumman?
Northrop Corporation/Parent organizations
What happened to Orbital ATK stock?
– June 6, 2018 – Northrop Grumman Corporation (NYSE: NOC) today announced it has closed the acquisition of Orbital ATK Inc. Orbital ATK is now Northrop Grumman Innovation Systems, a new, fourth business sector.
What happened to Orbital Sciences?
On April 29, 2014, Orbital Sciences announced that it would merge with Alliant Techsystems to create a new company called Orbital ATK, Inc. The merger was completed on February 9, 2015 and Orbital Sciences ceased to exist as an independent entity.
Did Northrop buy ATK?