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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 …

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Orbital ATK Shareholders OK $9.2B Merger With Northrop; David Thompson Comments

Shareholders at Orbital ATK (NYSE: OA) have approved a deal for Northrop Grumman (NYSE: NOC) to acquire the Dulles, Virginia-based aerospace and defense contractor in an estimated $9.2 billion transaction. Holders of at least 99 percent of shares in Orbital ATK voted to approve the merger during the Wednesday meeting, …

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Northrop Appoints Kathy Warden COO, 3 Corporate VPs in Series of Exec Moves

Northrop Grumman (NYSE: NOC) has made a series of leadership changes after Chief Operating Officer Gloria Flach and Sid Ashworth, corporate vice president for government relations, announced plans to retire by the end of December. Kathy Warden, corporate VP and president of Northrop’s mission systems business, will transition to new …

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Heather Wilson: Air Force to Keep an Eye on Northrop-Orbital ATK Merger Plan

Air Force Secretary Heather Wilson has said she has no concerns on Northrop Grumman’s (NYSE: NOC) proposal to acquire Orbital ATK (NYSE: OA) and that the service branch intends to monitor the transaction’s progress, Defense News reported Tuesday. “Obviously, we watch these things and make sure that no matter [what] happens …

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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 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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Army Vet Ole Knudson Joins Orbital ATK as Precision Weapons Segment Senior Director

Ole Knudson, a retired U.S. Army major general and former deputy director of the Missile Defense Agency, has been named senior director of precision weapons at Orbital ATK‘s (NYSE: OA) armament systems division. Orbital ATK said Monday the more than three-decade Army and MDA veteran will lead the company’s efforts to design, build and produce precision …

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Orbital ATK Lands $67M IDIQ to Produce Sidewinder Rocket Motors for Foreign Govt Clients

The U.S. Air Force has awarded Orbital ATK (NYSE: OA) a five-year, $67 million contract to manufacture AIM-9P Sidewinder missile rocket motors for foreign military sales customers. The Defense Department said Thursday $8.4 million in foreign country military funds will be obligated for the initial delivery of Orbital ATK-built SR-116 motors to Bahrain, Egypt and …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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