by Bill Ostrove, Space Systems Analyst, and Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.
Antares launch. Source: NASA/Bill Ingalls
Behind all the sound and fury surrounding the recent UTC/Rockwell deal, Northrop Grumman quietly moved in earlier this week and scooped up rocket and missile maker Orbital ATK in a deal valued at $9.2 billion. Under the agreement Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. The transaction is expected to close in the first half of 2018 and is subject to customary closing conditions, including regulatory and Orbital ATK shareholder approval. Continue reading →
Orbital ATK is asking U.S. lawmakers to end a 20-year ban on using decommissioned intercontinental ballistic missiles (ICBMs) to carry commercial satellites into orbit. Orbital ATK has built a successful business around using retired ICBMs to launch military satellites.[i] Its Minotaur rocket has lifted off 25 times since 2000,[ii] and has demonstrated an ability to carry multiple payloads to orbit in one launch (for example, in November 2013 a Minotaur I carried 30 payloads into orbit).