Northrop to buy Orbital ATK for $9.2B

Sep. 18, 2017 6:46 AM ETNorthrop Grumman Corporation (NOC)By: Yoel Minkoff, SA News Editor21 Comments
  • Northrop Grumman (NYSE:NOC) has agreed to acquire Orbital ATK (OA) for about $7.8B in cash, plus the assumption of $1.4B in net debt.
  • The deal comes as the firing of missiles by North Korea draws attention to missile defense systems
  • It's also notable because Northrop hasn't bought a large rival in many years, focusing most of its attention on spinoffs and returning earnings to shareholders.
  • OA +20% premarket

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