Information regarding the identity of the potential participants, and their direct or indirect interests in the proposed acquisition, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with the SEC in connection with the proposed acquisition.
The event allowed soldiers to use counter-unmanned aerial system (C-UAS) technologies during a series of demonstrations to provide feedback on how these systems performed and could … Orbital ATK’s shareholders and U.S. and international regulatory agencies had to approve the deal. Such documents are not currently available. In connection with the proposed acquisition, Orbital ATK intends to file relevant materials with the SEC, including a proxy statement in preliminary and definitive form. DULLES, Va. Jan. 17, 2018-- Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, recently participated in the Maneuver Fires Integrated Experiment (MFIX) at Ft. Sill, Oklahoma. All Rights Reserved. The FTC said Northrop Grumman is one of four companies capable of supplying the U.S. military with tactical missiles, strategic missiles, and missile interceptors. Orbital ATK Merger Tax/Cost Basis Information, Northrop Grumman to Acquire Orbital ATK for $9.2 Billion, Northrop Grumman Receives FTC Clearance to Close Acquisition of Orbital ATK and Updates 2018 Financial Guidance, Northrop Grumman Completes Orbital ATK Acquisition, Blake Larson Elected to Lead New Innovation Systems Sector, Northrop Grumman Manager Volunteers in Vietnam, Meet Monique - From Biosensors to Semiconductor Processing, Test Engineer Returns to Northrop Grumman.
Officials expect no immediate changes to Orbital ATK’s major space initiatives, such as its cargo resupply program for the International Space Station, a new rocket in development to compete with SpaceX and United Launch Alliance for U.S. military launch contracts, and its role as a builder of commercial communications satellites and military spacecraft. FALLS CHURCH and DULLES, Va. – Sept. 18, 2017 – 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 … Forward-looking statements are based on information, plans and estimates as of the date they are made and there may be other factors that may cause actual results to differ materially from these forward-looking statements. The company’s space facility in Redondo Beach, California, is building the spacecraft bus for the James Webb Space Telescope. Northrop Grumman Receives FTC Clearance to Close Acquisition of Orbital ATK and Updates 2018 Financial Guidance.
Northrop Grumman to Redeem Orbital ATK Debt. We will remain focused on operational excellence and execution during and after the transition into Northrop Grumman,” said David Thompson, president and chief executive officer of Orbital ATK. Through our combination, customers will benefit from expanded capabilities, accelerated innovation and greater competition in critical global security domains.
Perella Weinberg Partners LP is acting as exclusive financial advisor to Northrop Grumman and Cravath, Swaine & Moore LLP is acting as legal counsel. For more information, visit www.northropgrumman.com. The agreement has been approved unanimously by the Boards of Directors of both companies. Blake Larson, Orbital ATK’s chief operating officer since 2015 and a former head of ATK’s aerospace business, will lead Northrop Grumman Innovation Systems. “If you think about what is happening in the space environment today, we are clearly moving into an arena where we need a mix of those capabilities to address the set of missions that we need to address, particularly given the contested environment that is not only the future of space, but that is the today of space,” Bush said. Specific risks that could cause actual results to differ materially from those expressed or implied in these forward-looking statements include, but are not limited to: those discussed in this communication, those identified under “Risk Factors” and other important factors disclosed in Northrop Grumman’s Annual Report on Form 10-K and from time to time in Northrop Grumman’s other filings with the SEC; the possibility that Orbital ATK stockholders may not approve the proposed acquisition; the possibility that the closing conditions of the proposed acquisition may not be satisfied; the possibility that regulatory approvals required for the proposed acquisition may not be obtained on acceptable terms, on the anticipated schedule, or at all; the possibility that long-term financing for the proposed acquisition may not be available on favorable terms, or at all; the risk that closing of the proposed acquisition may not occur or may be delayed, either as a result of litigation or otherwise; the occurrence of an event that could give rise to termination of the proposed acquisition; the risk that stockholder litigation in connection with the proposed acquisition may affect the timing or occurrence of the proposed acquisition or result in significant costs of defense, indemnification and liability; the possibility that anticipated benefits of the proposed acquisition may not be realized or may take longer to realize than expected; the possibility that costs related to Northrop Grumman’s integration of Orbital ATK’s operations may be greater than expected and/or that revenues following the proposed acquisition may be lower than expected; the effect of the transaction on the ability of Northrop Grumman and Orbital ATK to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers, including the U.S. Government; responses from customers and competitors to the proposed acquisition; the possibility that Northrop Grumman’s business or Orbital ATK’s business may be disrupted due to transaction-related uncertainty; the risk that the proposed acquisition may distract Northrop Grumman’s management from other important matters; the impact of legislative, regulatory and competitive changes; results from the proposed acquisition different than those anticipated; and the other risks and uncertainties detailed in Orbital ATK’s filings, including its Annual Report on Form 10-K, with the SEC. Information about the directors and executive officers of Northrop Grumman is set forth in the proxy statement for Northrop Grumman’s 2017 Annual Meeting of Shareholders, which was filed with the SEC on March 31, 2017. Innovation Systems designed, built, and delivered space, defense, and aviation-related systems to customers around the world both as a prime contractor and as a merchant supplier. Northrop Grumman expects the transaction to be accretive to earnings per share and free cash flow per share in the first full year after the transaction closes, and to generate estimated annual pre-tax cost savings of $150 million by 2020. Orbital ATK shareholders will receive all-cash consideration of $134.50 per share. Forward-looking statements include, among other things, statements relating to Northrop Grumman’s future financial condition, results of operations and/or cash flows, expected benefits of the proposed acquisition, the timing of the proposed acquisition and financing the proposed acquisition. It reflects the tremendous value Orbital ATK has generated for our customers, shareholders and employees. FALLS CHURCH and DULLES, Va. – Sept. 18, 2017 – 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. To buy Orbital ATK, it paid $7.8 billion in cash and assumed $1.4 billion in debt. June 06, 2018. Northrop Grumman also builds airplanes and airplane components, and supplies radars, avionics and other components to military customers. It will also be recorded and available for replay by phone Monday, Sept. 18, 2017, 11:30 a.m. Eastern time through Monday, Oct. 2, 2017, 11:59 p.m. Eastern time, by calling 1-855-859-2056 (domestic) or 1-404-537-3406 (international). In a statement announcing the FTC’s approval of the acquisition, Northrop Grumman said the commission’s order required “solid rocket motors to be available on a non-discriminatory basis.”. Orbital ATK is now Northrop Grumman Innovation Systems, a new, fourth business sector. Following the filing of a definitive proxy statement with the SEC, Orbital ATK will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed acquisition. Orbital ATK’s ninth contracted cargo resupply mission with NASA to the International Space Station will deliver about 7,400 pounds of science and research, crew supplies and vehicle hardware to the orbital laboratory and its crew. @NorthropGrumman, LinkedIn Twitter News sent toyour inbox, Corporate Vice President and Treasurer, Investor Relations.
Before its purchase of Orbital ATK, Northrop Grumman was not a leading player in the launch industry, but it has a long history in producing spacecraft. “We are very pleased to announce this agreement with Northrop Grumman. We look forward to welcoming Orbital ATK’s talented employees to Northrop Grumman, and believe our combined strength will benefit our customers and shareholders,” said Wes Bush, chairman, chief executive officer and president of Northrop Grumman. Orbital ATK’s shareholders and U.S. and international regulatory agencies had to approve the deal. © 2020 Northrop Grumman Corporation.
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