Another aviation mega-merger: Northrop Grumman to buy Orbital ATK for $9 billion

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Northrop Grumman buying Orbital ATK for $9 billion – Sep. 18, 2017

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Northrop Grumman announced a $9 billion deal to buy Orbital ATK. early Monday.

Orbital (OA) is a rocket and defense contractor. It competes with SpaceX and the joint venture between Boeing (BA) and Lockheed Martin (LMT) for the growing commercial satellite launch business.

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The price Northrop (NOC) agreed to pay for Orbital represents a 22% premium over Friday’s closing price.

Earlier this month, United Technologies (UTX) bought Rockwell Collins (COL) for $23 billion. They’re two of the biggest suppliers to Boeing and Airbus.

CNNMoney (New York) First published September 18, 2017: 7:28 AM ET

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