Northrop Grumman is buying Orbital ATK for $7.8 billion
by By Samantha Masunaga, Los Angeles Times
Sep 18, 2017
3 minutes
Defense giant Northrop Grumman Corp. is acquiring aerospace and defense firm Orbital ATK Inc. for about $7.8 billion in cash, a deal that would boost Northrop's presence in the space and missile businesses.
Orbital shareholders are to receive $134.50 per share in cash, a 22.2 percent premium over Friday's closing price. Northrop is to assume $1.4 billion in net debt.
Orbital, based in Dulles, Va., makes rocket motors that power missiles and designs and produces target launch vehicles that are used to test missile defense
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