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Northrop Grumman gets U.S. antitrust approval to buy Orbital ATK

|About: Northrop Grumman Corporation (NOC)|By:, SA News Editor

The Federal Trade Commission approves Northrop Grumman's (NYSE:NOC) proposed $7.8B purchase of Orbital ATK (NYSE:OA) with conditions.

The FTC stipulates NOC supply the solid rocket motors to competitors for missile contracts and to separate the two companies’ operations with a firewall.

The agency says it normally prefers asset sales rather than a “behavioral” remedy such as this, but approves it in this instance because the defense industry sells solely to the U.S. Defense Department which will ensure compliance with the condition.

The European Commission approved the deal in February.

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