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
news links
Wednesday, May 25
SpaceX is about to attempt another extremely difficult landing
Business Insider — 6:05 am ET (1005 GMT)
Kilmer, Bridenstine Get Full Funding for FAA Space Office
SpacePolicyOnline.com — 6:02 am ET (1002 GMT)
Senate Schism on Russian Rocket Engines Continues
SpacePolicyOnline.com — 6:01 am ET (1001 GMT)


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