Tag Archives: OA

The State Department has approved two foreign military sales agreements worth approximately $180 million combined for the Dutch government to buy from the U.S. government M1156 precision guided kits as well as defense services and articles in support of its air force’s F-16 training unit. The Netherlands requested to purchase …

Orbital ATK (NYSE: OA) has secured a potential five-year, $79.4 million contract from the U.S. Navy to manage ground launch drone missile targets for test and evaluation. The company will provide GQM-163A development test, operation and maintenance services to the Naval Air Warfare Center’s Weapons Division through the indefinite-delivery/indefinite-quantity contract, the Defense Department said Wednesday. DoD added that work …

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, …

Kathy Warden, president and chief operating officer at Northrop Grumman (NYSE: NOC), has said the company will establish a new business sector once the Falls Church, Virginia-based defense contractor completes the $9.2 billion purchase of Orbital ATK (NYSE: OA), Inside Defense reported Thursday. Warden told analysts Thursday that Blake Larson, COO …

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

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 …

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, …

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 …

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 …

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. …