The purchase of Orbital ATK

 

Northrop Grumman, an American global Aerospace and defence technology company was not a leading player in the launch industry, before its acquisition of Orbital ATK. However, the company holds a rich background in producing spacecraft. These days, the company is busy developing a spacecraft bus for the James Webb Space Telescope in Redondo Beach, California. Northrop also is into constructing aeroplanes and its components to be promoted to the military.  

Wes Bush, the chairman and chief executive officer of Northrop, welcomed the ATK team saying that the talented employees will add value to the existing team and the combination would result in something marvelous. 

Northrop has willingly absorbed the launch vehicle developer, satellite manufacturer, and ammunitions suppliers. Northrop Grumman Innovation Systems is the name given to this new entity. Northrop took over acquiring ATK at a price of $9.2 billion – $7.8 billion was paid in cash, and a debt transfer has spent $1.4 billion. The Federal Trade Commission