By Calvin Biesecker Orbital Sciences Corp. [ORB] recently said it has agreed to acquire the spacecraft development and manufacturing business of General Dynamics [GD] for $55 million, giving the company an instant entry into the government market for medium-size satellites. The cash deal is expected to close early in April. Orbital officials said they expect the acquisition to add about $50 million in sales in the current fiscal year with modest earnings accretion and $100 million in sales next year…
Orbital Buys GD Unit, Enters Medium Satellite Market
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