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Orbital ATK (NYSE: OA) said Tuesday the aerospace and defense contractor sees satellite orders from military and other government agencies as a counterbalance to continued soft demand from commercial customers. CEO David Thompson told investors the Dulles, Virginia-based company forecasts orders from the defense c...
Orbital ATK‘s (NYSE: OA) board of directors has approved a plan to buy back an additional $150 million of the company’s common stock through the end of 2016. The company said Monday it may repurchase shares in the open market depending on factors such as market condition and that transactions will be subject to financial...
Scott Lehr, a senior vice president of Orbital ATK (NYSE: OA), has been promoted to serve as president of the company’s flight systems business group. He will start his new role on July 1 and succeeds Ron Grabe, who will become a senior adviser for the organization, Orbital ATK said Thursday. David Thompson, Orbital ATK president...
The board of directors of Orbital ATK (NYSE: OA) has authorized the repurchase of as much as $75 million of its common stock from shareholders through the end of the year. “I am very pleased that our board has adopted management’s recommendations for a balanced and sustainable plan to return capital to shareholder...
Orbital Sciences (NYSE: ORB) has completed its merger with the aerospace and defense groups of ATK (NYSE: ATK) to create a new company that will operate as Orbital ATK. Orbital ATK will start “regular-way” trading on the New York Stock Exchange Tuesday under the ticker symbol “OA, ” Orbital...
Both sets of stockholders Orbital Sciences (NYSE: ORB) and ATK (NYSE: ATK) voted Tuesday to approve the transaction that will see Orbital merge with ATK’s aerospace and defense groups. The merger is scheduled to close Feb. 9 and the combined company will trade as Orbital ATK under the stock ticker symbol “OA”...
Ed Fortunato, a former Honeywell (NYSE: HON) government relations executive, has joined ATK (NYSE: ATK) as senior vice president for government relations and will initially report to ATK CEO Mark DeYoung, the Washington Business Journal reported Tuesday. Jill Aitoro reports that Fortunato will transition to the fu...
ATK (NYSE: ATK) and Orbital Sciences (NYSE: ORB) have delayed their expected closure date for the spinoff of ATK’s sporting group and the merger between Orbital and ATK’s aerospace and defense groups to February. The companies said Monday they have also rescheduled their stockho...
ATK (NYSE: ATK) has announced the financial results for the second quarter of its 2015 fiscal year, which ended on Sept. 28, 2014. The Arlington, Virginia-based aerospace and defense contractor reported an 11-percent increase in revenue from the prior-year quarter, a 2.1-percent increase in profit and an uptick in sales for a...
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 during the December holiday season, Orbital CEO David Thompson said Thursday. Thompson also said that transition teams from both compani...
