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Business/Financial

ATK, Orbital Complete Merger

By Cal Biesecker

Monday, February 9th, 2015

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ATK, Orbital Complete Merger

Orbital ATK President and CEO David Thompson. Photo: Orbital ATK

ATK and Orbital Sciences on Monday completed their $5 billion all-stock merger clearing the way for the aerospace and defense company to begin operations on Tuesday as Orbital ATK [OA].Immediately before the completion of the transaction, ATK spun-off its Sporting Group business into a newly formed company named Vista Outdoor Inc. [VSTO], which like Orbital ATK begins trading on the New York Stock Exchange on Tuesday.Orbital ATK will be led by David Thompson, who is Orbital’s current chairman and CEO.

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