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ATK, Still In Favor Of Orbital Deal, Will Update Investors On Wednesday

Cal Biesecker By
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ATK, Still In Favor Of Orbital Deal, Will Update Investors On Wednesday
ATK President and CEO Mark DeYoung. Photo: ATK

ATK [ATK] and Orbital Sciences [ORB] on Tuesday evening said they still support a merger of the two companies despite a spectacular failure of a rocket built by Orbital as it was launching. Following a review of the Antares launch failure and Orbital’s business prospects, “We believe it was responsible and essential to conduct this special due diligence and as a result of our findings, management and our board of directors continue to endorse the previously announced transaction,” Mark DeYoung,…

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