Hello, Guest!
  • Wednesday, September 27, 2023

FTC Seeks Additional Data on Northrop-Orbital ATK Deal


The Federal Trade Commission has issued Northrop Grumman (NYSE: NOC) a second request for additional data associated with its proposed $9.2 billion acquisition of Orbital ATK (NYSE: OA).

Northrop said Wednesday it received the request as FTC reviews the transaction as part of the regulatory process.

The request for additional information came a week after Orbital ATK shareholders voted to approve the merger.

Northrop will pay $7.8 billion in cash and assume $1.4 billion in net debt from Orbital ATK under the deal originally announced in September.

Northrop said it expects to close the transaction in the first half of 2018.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles

Northrop Board OKs 8% Quarterly Dividend Increase; Kathy Warden Quoted Financial Reports

Northrop Board OKs 8% Quarterly Dividend Increase; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) has increased its quarterly dividend by 8 percent to $1.87 per share. The company said Tuesday its board of directors authorized the raise and that shareholders of record as of the close of business on May 30 will receive the dividend June 14. Kathy Warden, chair, CEO and president of Northrop,
Northrop Wins $406M Air Force Engineering Support Task Order Contract Awards

Northrop Wins $406M Air Force Engineering Support Task Order

Northrop Grumman (NYSE: NOC) has secured a five-year, $405.7 million task order from the U.S. Air Force to provide engineering services in support of intelligence activities at the Department of Defense and intelligence community centers and satellite branches. The company will also perform operational technical work under the cost-plus-fixed-fee task order, DOD said Monday. A total
Northrop Maintains $1.73 Dividend for Shareholders Financial Reports

Northrop Maintains $1.73 Dividend for Shareholders

Northrop Grumman‘s (NYSE: NOC) board of directors has approved a quarterly cash dividend of $1.73 per share on the company’s common stock for the second quarter, remaining steady from the dividend rate announced three months ago.  The company said Wednesday it will give the dividend on Sept. 14 to stockholders of record at the close