spacetoday.net: space news from around the webin association with SpaceNews


ATK and Orbital Sciences announce merger
Posted: Tue, Apr 29, 2014, 4:43 PM ET (2043 GMT)
The aerospace and defense business of ATK will merge with Orbital Sciences Corporation in a surprise $5-billion the companies announced Tuesday morning. In what the companies call a "merger of equals", ATK's aerospace and defense unit will take a 53.8% stake in the merged company, with Orbital holding the rest. Current Orbital president and CEO David Thompson will hold those positions in the merged company, to be called "Orbital ATK," while Blake E. Larson, president of ATK's aerospace unit, will be the chief operating officer. ATK plans to spin off its sporting division as part of the merger process. Officials with both companies said they expect to see both sales and cost synergies as part of the deal, including enhanced use of ATK rocket motors in Orbital's family of launch vehicles. The companies said they expect the deal to close, after receiving shareholder and regulatory approvals, by the end of 2014.
<<previous article   next article>>
news in brief
Rocket Lab's Electron rocket reaches space on first launch
Posted: Sat, May 27 9:56 AM ET (1356 GMT)

Soyuz launches military satellite
Posted: Sat, May 27 9:53 AM ET (1353 GMT)

DARPA picks Boeing to build XS-1 spaceplane
Posted: Sat, May 27 9:52 AM ET (1352 GMT)

news links
Saturday, May 27
A Brief History of SETI@Home
The Atlantic — 6:05 pm ET (2205 GMT)
Secondary Mirror of ELT Successfully Cast
ESO — 5:42 pm ET (2142 GMT)
The race to trace TRAPPIST-1h
Univ. of Bern — 5:42 pm ET (2142 GMT)
Scientists solve mystery of how most antimatter in the Milky Way forms
Australian National University — 5:40 pm ET (2140 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list