The planned merger of Orbital Sciences (NYSE: ORB) with ATK‘s (NYSE: ATK) aerospace and defense groups could close in January if the companies receive regulatory approvals for the deal duringÂ theÂ December holiday season, Orbital CEO David Thompson said Thursday.
Thompson also said that transition teams from both companiesÂ are “continuing to target the end of the calendar year to complete all required regulatory reviews.”
Orbital and ATK announced the estimated $5 billion dealÂ in AprilÂ to create the aerospace and defense-focused “Orbital ATK, ” led by Thompson, and see ATK’s sporting group become an independent company led by current ATK CEO Mark DeYoung.
Thompson madeÂ hisÂ commentsÂ asÂ Orbital released financial results from the third quarter of its 2014 fiscal year, which saw the company’s revenue increase by 5Â percent from the prior year periodÂ and profitÂ riseÂ 35.9 percent in that same timeframe.
Revenue in the Dulles, Virginia-based company’s launch vehicle segment rose 2 percent from the prior year period and the satellitesÂ andÂ space systems segment saw its revenue jump 20 percent.
The stock price of Orbital, one of 30 companies listed on Executive Mosaic’s GovCon Index, Â was upÂ 3.4 percent at 27.62Â as of late Wednesday morning.
ATK, which is relatively flat from Tuesday’s closing number, is scheduled to release its financial results Oct. 30.