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On 18 September 2017, Northrop Grumman announced plans to purchase Orbital ATK for US$7.8 billion in cash plus assumption of US$1.4 billion in debt, [5] [6] and on 6 June 2018, the acquisition was completed, and Orbital ATK became Northrop Grumman Innovation Systems.
The company was acquired by Northrop Grumman on June 6, 2018. The former Orbital ATK operations were renamed Northrop Grumman Innovation Systems and operated as a division until January 1, 2020 when a reorganization merged the operations into the company's other divisions.
The spinoff of the Sporting Group to create Vista Outdoor and the merger leading to the creation of Orbital ATK were completed on February 9, 2015. The companies began operations as separate entities on February 20, 2015. [3] [4] Orbital ATK was bought by Northrop Grumman in 2018. [5]
Seven years ago, Northrop Grumman (NYSE: NOC) embarked upon a bold experiment. Buying space company Orbital ATK, Northrop would transform itself from an aerospace company (with an emphasis on the ...
A larger Enhanced Cygnus was introduced in 2015. Orbital Sciences merged into Orbital ATK in 2015; Northrop Grumman purchased Orbital ATK in 2018 and has continued to operate Cygnus missions. A further enlarged Mission B Cygnus is expected to be introduced in 2025.
The carrier aircraft (initially a NASA B-52, now an L-1011 owned by Northrop Grumman) serves as a booster to increase payloads at reduced cost. 12,000 m (39,000 ft) is only about 4% of a low Earth orbital altitude, and the subsonic aircraft reaches only about 3% of orbital velocity, yet by delivering the launch vehicle to this speed and ...
Antares (/ æ n ˈ t ɑː r iː z /), known during early development as Taurus II, is an expendable launch system developed by Orbital Sciences Corporation (later part of Northrop Grumman) and the Pivdenne Design Bureau to launch the Cygnus spacecraft to the International Space Station as part of NASA's COTS and CRS programs.
Northrop Grumman investors should also be aware that Northrop's aeronautics division (which builds the E-2D, the MQ-4C, the B-21, and now the E-130J) is arguably the company's least profitable ...