Space Dinosaurs Continue To Eat One Another

Northrop Grumman to Acquire Orbital ATK for $9.2 Billion, Northrop Grumman

"Northrop Grumman Corporation (NYSE: NOC), a leading global security company, and Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense technologies, today announced they have entered into a definitive agreement under which Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. Orbital ATK shareholders will receive all-cash consideration of $134.50 per share. ... Upon completion of the acquisition, Northrop Grumman plans to establish Orbital ATK as a new, fourth business sector to ensure a strong focus on operating performance and a smooth transition into Northrop Grumman."

Press conference presentation

Keith's note: Lockheed ate Martin Marietta. Boeing ate Rockwell and McDonnell Douglas. Aerojet ate Rockedyne. Lockheed Martin and Boeing created a sanctioned monoply (ULA). Northrop ate Grumman. ATK ate Orbital. Now Northrop Grumman is going to eat Orbital ATK. That's one less company to pay Coalition for Deep Space Exploration membership dues. How is this good for competition? Oh yea - that is what SpaceX, Blue Origin, and Virgin offer.

The Coalition for Deep Space Dancing Dinosaurs, earlier post

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This page contains a single entry by Keith Cowing published on September 18, 2017 9:00 AM.

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