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Northrop Grumman (NOC) sees an opportunity to enhance its product portfolio and capability in manufacturing advanced combat platforms with Orbital ATK's acquisition.
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 ...
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 ...
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]
In 2014, Orbital merged with Alliant Techsystems (ATK) to create a new company called Orbital ATK, which in turn was purchased by Northrop Grumman in 2018. Orbital was headquartered in Dulles, Virginia and publicly traded on the New York Stock Exchange with the ticker symbol ORB.
Citigroup believes buying Orbital ATK should help Northrop Grumman to post "modest margin expansion."
From April 2001, it was operated by Alliant Techsystems (ATK), later known as Orbital ATK after a 2015 merger between Orbital Sciences Corporation and parts of Alliant Techsystems. Orbital ATK was acquired by Northrop Grumman in 2018 [6] and is now known as Northrop Grumman Innovation Systems.
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.