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The deal officially closed on February 9, 2015. ATK's sporting-goods division spun off to form Vista Outdoor on the same day. [4] On September 18, 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] Orbital ATK shareholders approved the buyout on November 29 ...
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]
Orbital ATK shareholders approved the buyout on 29 November 2017. [6] The Federal Trade Commission (FTC) approved the acquisition with conditions on 5 June 2018, and one day later, Orbital ATK were absorbed and became Northrop Grumman Innovation Systems. [7] [8]
Orbital ATK had invested heavily in an OmegA rocket ship that Northrop hoped would give it a leg up winning Pentagon rocket-launch contracts, but within a couple years of buying Orbital, the U.S ...
Northrop Grumman (NOC) sees an opportunity to enhance its product portfolio and capability in manufacturing advanced combat platforms with Orbital ATK's acquisition.
Stargazer appeared in Northrop Grumman livery in 2018 following the acquisition of Orbital ATK. [11] Stargazer launched the Ionospheric Connection Explorer on October 11, 2019. The launch was originally scheduled for June 2017 but was scrubbed when an anomalous piece of vehicle data was observed during a ferry flight.
The prime contractor was Alliant Techsystems – later merging with Orbital Sciences Corporation to form Orbital ATK, in turn being taken over by Northrop Grumman and renamed Northrop Grumman Innovation Systems – and the industry team includes Interstate Electronics Corporation. [3] By April 2018, more than 25,000 PGKs had been produced. [4]
Citigroup believes buying Orbital ATK should help Northrop Grumman to post "modest margin expansion."