US Navy Contracts May 30, 2018

Orbital ATK Inc., Defense Electronic Systems, Northridge, California, is awarded $171,215,447 for modification P00004 to a previously awarded firm-fixed-price contract (N00019-17-C-0005). This modification exercises an option for the procurement of full-rate Production Lot 7 for the Advanced Anti-Radiation Guided Missile (AARGM) for the Navy and the government of Australia. This option exercise provides for the conversion of 271 Navy provided AGM-88B High Speed Anti-Radiation Missiles into 253 Navy AGM-88E AARGM all-up-rounds (AURs), eight Captive Air Training Missiles and 10 AGM-88E AARGM AURs for foreign military sales (FMS) customers. Additionally, this…

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Orbital ATK Stockholders Approve Acquisition by Northrop Grumman Corporation

Orbital ATK, Inc., a global leader in aerospace and defense technologies, today announced that its stockholders overwhelmingly approved the merger agreement providing for the proposed acquisition of Orbital ATK by Northrop Grumman Corporation at a special meeting of stockholders held on November 29, 2017. Holders of more than 99% of Orbital ATK’s common stock present at the meeting or represented by proxy voted in favor of approving and adopting the merger agreement, which represented approximately 79% of the total number of outstanding shares of Orbital ATK’s common stock as of…

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Orbital ATK Delivers 100,000th HELLFIRE Rocket Motor

Orbital ATK, a global leader in aerospace and defense technologies marked a significant milestone recently with the delivery of its 100,000th AGM-114 tactical motor, the high performance rocket motor that propels the highly successful HELLFIRE® missile. The motor is currently in service with the U.S. Armed Forces as well as 16 other allied nations, and is used on dozens of platforms ranging from helicopters, aircraft, unmanned aircraft, land combat vehicles and combat ships. “Our responsibility to the warfighter drives us to improve and innovate. We are dedicated to deliver the…

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Orbital ATK Awarded $24 Million Contract from Lockheed Martin for F-35 Composite Structures

Orbital ATK announced October 24th it has received an initial $24 million contract from Lockheed Martin (NYSE: LM) to produce additional composite components for the F-35 Joint Strike Fighter. Under the terms of the three-year contract, Orbital ATK will produce bullnose and blade seals at its facility in Clearfield, Utah. Orbital ATK currently produces upper and lower wing skins, engine nacelles and access covers for the F-35. The Lockheed Martin F-35 Lightning II is a fifth generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information,…

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Northrop Grumman to Acquire Orbital ATK for $9.2 Billion

Northrop Grumman Corporation, a leading global security company, and Orbital ATK, Inc. , a global leader in aerospace and defense technologies, today announced they have entered into a definitive agreement under which Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. Orbital ATK shareholders will receive all-cash consideration of $134.50 per share. The agreement has been approved unanimously by the Boards of Directors of both companies. The transaction is expected to close in the first half of 2018 and is subject to customary closing conditions,…

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Orbital ATK Lands US Navy MFF Contract

April 4, 2017 – Orbital ATK, a global leader in aerospace and defense technologies, announced today that it has received a $21 million contract for first article test and production of the MK419 Mod 1 Multi-Function Fuse (MFF). The MFF increases the overall mission capability of 5-inch gun ammunition used on U.S. Navy ships by combining five modes of operation into a single fuse, making it the most effective munitions fuse available today. The MK419 MFF-equipped round gives a 1980s-era, single-dimension Naval Surface Fire Support munition more modern, multi-dimension capability.…

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