TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC
Start a Discussionhttps://teslamotorsclub.com/tmc/tags/

Northrop Grumman is nearing an agreement to buy Orbital ATK

Discussion in 'SpaceX' started by Lump, Sep 17, 2017.

Tags:
  1. Lump

    Lump Active Member

    Joined:
    Mar 31, 2013
    Messages:
    2,600
    Location:
    So. Cal.
    • Informative x 5
  2. e-FTW

    e-FTW New electron smell

    Joined:
    Aug 23, 2015
    Messages:
    1,143
    Location:
    San Francisco, CA
  3. HVM

    HVM Savolainen

    Joined:
    Oct 30, 2012
    Messages:
    433
    Location:
    Finland
    Depend if it's for the solid rockets business (for military e.g. new ABMs thanks to the Best Korea). And Orbital's other space stuff is just bonus, or is it lucrative enough?
     
  4. HVM

    HVM Savolainen

    Joined:
    Oct 30, 2012
    Messages:
    433
    Location:
    Finland
    .@northropgrumman to acquire @OrbitalATK for $9.2 billion. Important: http://bit.ly/2xbXM6T

    Northrop Grumman to Acquire Orbital ATK for $9.2 Billion


    • Combination enhances capabilities, innovation and competition for customers
    • Meaningful shareholder value creation opportunity driven by strategic fit, revenue synergies from new opportunities, and cost savings
    • Expected to be accretive to EPS and FCF per share in first full year; estimated annual cost savings of $150 million by 2020
    • Strong combined cash flow generation supports financial flexibility and continued execution of capital deployment strategy
    • Conference call scheduled for Monday, September 18, at 8:30 a.m. Eastern Time

    News Room
     
  5. Grendal

    Grendal Active Member

    Joined:
    Jan 31, 2012
    Messages:
    3,320
    Location:
    Santa Fe, New Mexico
    The stock is up 20%. Long ago I recommended Orbital in the "other investments" thread. I think I commented that since we couldn't invest in SpaceX it was an aerospace alternative. I think it was something like $40 back then and they hadn't even merged with Alliant Tech yet. I seem to remember buying it for a short while just after the 2014 incident since it plunged.
     

Share This Page