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ATK To Divest Sporting Business, Merge Aerospace And Defense Group With Orbital In $5 Billion Deal

Defense Daily Staff

Monday, May 12th, 2014

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Adding some momentum to what has been a slumbering market in mergers and acquisition in the aerospace and defense industry, ATK [ATK] and Orbital Sciences [ORB] on April 29 announced a $5 billion all-stock merger of their companies, minus ATK’s sporting business which will be spun-off to its shareholders. The new Orbital ATK, a mid-tier defense and space company that is expected to stand up later this year pending approvals by regulators and each companies’ boards, will have $4.5 billion in sales, 13,000 employees…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

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Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

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Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

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