US-based aerospace and defense manufacturer Northrop Grumman last week announced plans for a multi-billion dollar acquisition of Orbital ATK.
Orbital ATK manufactures a number of space launch systems including the Antares rocket (pictured). Image courtesy of Wikipedia. In a further consolidation of the US aerospace manufacturing sector, Northrop Grumman will buy Orbital for a total of $7.8bn and will assume $1.4bn in net debt. Both companies manufacture a wide range…
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