Home / M&A Activity / European Commission OKs Northrop’s Orbital ATK Purchase

European Commission OKs Northrop’s Orbital ATK Purchase

The European Commission has approved a deal for Northrop Grumman (NYSE: NOC) to acquire Orbital ATK (NYSE: OA) for approximately $9.2 billion.

Northrop said Monday it continues to support the Federal Trade Commission in its effort to evaluate the transaction.

The European Commission’s decision came nearly a month after Kathy Warden, Northrop president and chief operating officer and a 2018 Wash100 recipient, announced plans to establish a new innovation systems business once the Falls Church, Virginia-based defense contractor completes the acquisition.

Northrop received from FTC a second request for additional data on the pending merger in December.

Check Also

BAE Selected to Develop Cybersecurity Tools for DARPA’s SafeDocs Initiative

The Defense Advanced Research Projects Agency has awarded BAE Systems a contract to develop two cybersecurity tools designed to protect electronic files as part of DARPA's Safe Documents program.

Accenture’s Federal Unit to Support Army ERP System Under Potential $76M Contract

Accenture's (NYSE: ACN) federal services business has won a potential six-year, $75.8M hybrid contract to provide support services for the U.S. Army's unified enterprise resource planning system.