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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

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

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Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]