Industrial M&A » By The Online Investor Staff, updated Wed., Apr. 24, 9:59 PM
Recent mergers and acquisitions in the Industrial M&A category.
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Slide #12. Orbital Sciences Corporation — Alliant Techsystems Inc.
Acquirer:
Orbital Sciences Corporation (ORB)
Acquiree:
Alliant Techsystems Inc. (ATK)
Details:
Orbital Sciences Corporation (NYSE:ORB) today announced that it has entered into a definitive agreement with Alliant Techsystems Inc. (NYSE:ATK), which will combine Orbital and ATK's Aerospace and Defense (A&D) Groups to create a $4.5 billion (combined calendar year 2013 annual revenue), 13,000-person space, defense and aviation systems developer and manufacturer. The new company, to be called Orbital ATK, Inc., will serve U.S. and international customers with leading positions in the markets for space launch vehicles and propulsion systems, tactical missiles and defense electronics, satellites and space systems, armament systems and ammunition, and commercial and military aircraft structures and related components. As part of the transaction, ATK will spin off its Sporting Group, which focuses on commercial sporting equipment, to its shareholders.
Orbital Sciences develops and manufactures small- and medium-class rockets and space systems for commercial, military and civil government customers. Co.'s products and services are grouped into three segments: launch vehicles, which develops and produces space launch vehicles, interceptor launch vehicles and target launch vehicles; satellites and space systems, which develops and produces communications satellites, science and remote sensing satellites, and related subsystems, as well as provides space technical services; and advanced space programs, which develops and produces human-rated space systems and satellites and related systems primarily used for national security space programs.
Open the ORB Page at The Online Investor »
Orbital Sciences develops and manufactures small- and medium-class rockets and space systems for commercial, military and civil government customers. Co.'s products and services are grouped into three segments: launch vehicles, which develops and produces space launch vehicles, interceptor launch vehicles and target launch vehicles; satellites and space systems, which develops and produces communications satellites, science and remote sensing satellites, and related subsystems, as well as provides space technical services; and advanced space programs, which develops and produces human-rated space systems and satellites and related systems primarily used for national security space programs.
Open the ATK Page at The Online Investor »
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