Weekly Roundup September 18 – September 22 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week there has been significant activity surrounding contract awards across a variety of fields such as aquatic vehicle design and maintenance, technical assistance, IT development and support, …
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TYSONS CORNER, VA, Sept. 21, 2017 — Orbital ATK (NYSE: OA) will invest $5 million as part of a plan to expand its aerospace and defense composite production facility in Beavercreek, Ohio, by approximately 40,000 square feet to accommodate work that will transition from Clearfield, Utah, ExecutiveBiz reported Wednesday. The company …
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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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Orbital ATK (NYSE: OA) has received orders worth a combined $123 million from the U.S. Army to produce additional Precision Guidance Kits designed to help increase warfighters’ shooting accuracy. The orders fall under option 2 of Orbital ATK’s PGK production contract and include a $69 million order awarded in July last year, the company …
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The Executive Mosaic GovCon Index (GCI) increased significantly on the day reaching a new YTD high of 104.137 up 1.786 percent. Orbital ATK and Northrop Grumman top the GCI with the news of Northrop Grumman’s intent to acquire the global aerospace and defense company. The three major indices all closed in the positive. …
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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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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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Weekly Roundup September 11 – September 15 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week, let’s take a look at the current landscape of mergers and acquisitions in the GovCon sector. Notable M&A activity includes: CenturyLink adjusting the closing date of its …
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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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The Executive Mosaic GovCon Index (GCI) closed down for the second day. The GCI was off 0.255 percent to close at 101.341. Advancing and declining shares closed even on the day. The major indices reversed yesterday’s negative close with the S&P500 up 0.31 percent to 2,465.54, while the DJIA advanced 0.25 percent to 21,807.64, and the …
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