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Tag Archives: OA

FTC Clears Northrop’s Orbital ATK Purchase

The Federal Trade Commission has given Northrop Grumman (NYSE: NOC) antitrust approval to proceed with its proposed $9.2 billion acquisition of Orbital ATK (NYSE: OA). Northrop said Tuesday the FTC clearance calls for it to make solid-rocket motors available to competitors on “a non-discriminatory basis” and that it expects to close the deal …

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Orbital ATK Gets $171M Navy Contract Option for Lot 7 Updated Anti-Radiation Missiles

Orbital ATK (NYSE: OA) has received a two-year, $171.2 million contract option to produce a seventh batch of Advanced Anti-Radiation Guided Missile systems for the U.S. Navy and foreign military sales customers. The company will convert 271 AGM-88B High Speed Anti-Radiation Missiles from the Navy into 253 AGM-88E AARGM all-up-rounds and eight Captive Air Training …

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State Dept OKs $180M in F-16 Training Support, Precision Guided Kit Requests From Netherlands

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 …

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Orbital ATK Lands $79M IDIQ to Help Maintain, Operate Navy Drone Missile Targets

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 …

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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, …

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Kathy Warden: Northrop to Form Innovation Systems Unit After Orbital ATK Purchase

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 …

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PwC: Global Aerospace, Defense M&A Hit $72B in 2017

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 …

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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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