Northrop Grumman to Acquire Orbital ATK for $9.2 Billion
September 18, 2017
Cleary Gottlieb is representing Citi, as financial advisor to Orbital ATK, in connection with Orbital ATK’s agreement to be acquired by Northrop Grumman for $134.50 in cash per share, representing an aggregate enterprise value of approximately $9.2 billion.
The transaction was announced on September 18, 2017, and is expected to close in the first half of 2018.
Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, and its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures.