Northrop Grumman Cleared to Buy Orbital ATK
Ami Rojkes Dombe
| 06/06/2018
Photo: AP
US defense contractor Northrop Grumman received US antitrust approval to buy solid rocket motor supplier Orbital ATK.
The $7.8 billion deal was approved on condition that Northrop supply the solid rocket motors to competitors for missile contracts and to separate the two companies’ operations with a firewall, the Federal Trade Commission (FTC) said in a statement.
Northrop said in a statement it expects the transaction will be completed after market close on Wednesday. The European Commission approved the deal in February.
[Source: Reuters]
Ami Rojkes Dombe
| 06/06/2018
Photo: AP
US defense contractor Northrop Grumman received US antitrust approval to buy solid rocket motor supplier Orbital ATK.
The $7.8 billion deal was approved on condition that Northrop supply the solid rocket motors to competitors for missile contracts and to separate the two companies’ operations with a firewall, the Federal Trade Commission (FTC) said in a statement.
Northrop said in a statement it expects the transaction will be completed after market close on Wednesday. The European Commission approved the deal in February.
[Source: Reuters]
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