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Northrop to Buy Orbital ATK in Potential $9.2B Deal; Wes Bush, David Thompson Comment

Northrop Grumman (NYSE: NOC) has agreed to purchase Orbital ATK (NYSE: OA) for approximately $9.2 billion in a push to accelerate innovation efforts and expand technology offerings. Falls Church, Virginia-based Northrop said Monday it will pay $7.8 billion in cash and assume $1.4 billion in net debt from Orbital ATK under the transaction. …

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Reports: Northrop Close to Sealing $7.8B Cash Deal for Orbital ATK

Northrop Grumman (NYSE: NOC) is close to finalizing an agreement to buy Orbital ATK (NYSE: OA) as Northrop aims to broaden its portfolio of missiles and space platforms, Defense News reported Monday. Defense News cited a Wall Street Journal report that says both companies could unveil the transaction as early as Monday …

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Orbital ATK Begins Assembly of Satellite Servicing Vehicle for 2018 Launch

TYSONS CORNER, VA, Sept. 13, 2017 — Orbital ATK (NYSE: OA) has moved forward to the assembly of a satellite servicing vehicle after receiving delivery of payload and platform components as the company aims to launch the mission in late 2018, ExecutiveBiz reported Tuesday. The Mission Extension Vehicle-1 will work …

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Orbital ATK, NASA Test Component of Robotic Space Assembly & Servicing Platform

TYSONS CORNER, VA, Sept. 5, 2017 — Orbital ATK (NYSE: OA) has collaborated with NASA to check the capability of a robotic platform that will work to support the assembly of space structures in the future as part of a ground demonstration at the Langley Research Center, ExecutiveBiz reported Thursday. The space …

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Orbital ATK to Modify Anti-Radiation Guided Missiles Under $157M Navy Contract

Orbital ATK (NYSE: OA) has received a potential $156.8 million contract from the U.S. Navy to modify tactical missiles designed to engage enemy air defenses and mobile targets. The Defense Department said Thursday Orbital ATK will convert AGM-88B high-speed, anti-radiation missiles into 230 AGM-88E Advanced Anti-Radiation Guided Missiles all-up-rounds and six captive air …

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Orbital ATK’s Minotaur IV Completes Inaugural Cape Canaveral Launch With ORS-5 Mission

TYSONS CORNER, VA, Aug. 29, 2017 — An Orbital ATK (NYSE: OA) Minotaur IV launch vehicle sent the U.S. Air Force‘s Operationally Responsive Space-5 satellite to low Earth orbit Saturday as part of the rocket’s debut liftoff from Cape Canaveral Air Force Station, ExecutiveBiz reported Monday. The company said Saturday ORS-5 will work to deliver …

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Orbital ATK, NASA Conclude Landsat 9 Preliminary Design Review

TYSONS CORNER, VA, Aug. 10, 2017 — Orbital ATK (NYSE: OA) has worked with NASA to perform a preliminary design review of the Landsat 9 mapping satellite that will work to capture space-based images of the Earth’s surface for both the space agency and the U.S. Geological Survey, ExecutiveBiz reported Wednesday. The …

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Orbital ATK Lands $54M Army Contract Modification for Precision Guidance Kits

TYSONS CORNER, VA, July 10, 2017 — Orbital ATK (NYSE: OA) will deliver M1156 precision guidance kits to the U.S. Army under a $53.6 million contract modification that runs through April 2020, ExecutiveBiz reported Friday. The Defense Department said Thursday the company will perform work in Plymouth, Minnesota, using “other” Army funds for fiscal year …

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Former Astronaut Rick Mastracchio Joins Orbital ATK as Senior Operations Director for CRS Program

Rick Mastracchio, a former NASA astronaut, has joined Orbital ATK (NYSE: OA) as senior director of operations for the Commercial Resupply Services program within the company’s space systems group. Orbital ATK said Monday Mastracchio will oversee the CRS mission and cargo operations teams and support other programs for the human space systems …

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Orbital ATK Concludes 7th Commercial Resupply Mission With NASA

TYSONS CORNER, VA, June 13, 2017 — Orbital ATK‘s (NYSE: OA) seventh mission to the International Space Station as part of a NASA Commercial Resupply Services-1 contract has concluded with the re-entry of the company’s S.S. John Glenn spacecraft to Earth, ExecutiveBiz reported Monday. The company said Sunday the Cygnus vehicle sent on …

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