Wednesday, July 24, 2024

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 (NYSE:  NOC) 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 the October 10, 2017 record date for the special meeting.

More: Orbital ATK delivers 100,000 Hellfire rocket motor

- ADVERTISEMENT - CONTINUE READING BELOW -

“The acquisition of Orbital ATK by Northrop Grumman creates substantial value for our stockholders and enhances our capability to accelerate product development and technology innovation in support of our customers’ critical missions. The transaction also enables our employees to benefit from new opportunities and career paths as part of a larger and more diverse aerospace and defense company,” said David W. Thompson, Orbital ATK’s President and Chief Executive Officer.

More: Orbital ATK receives $76 million order for .50 caliber ammunition from the U.S. Army

The company expects the transaction to close in the first half of 2018, pending receipt of regulatory approvals.

If you would like to show your support for what we are doing, here's where to do it.

If you wish to report grammatical or factual errors within our news articles, you can let us know by using the online feedback form.

Executive Editor

About author:

Dylan Malyasov
Dylan Malyasov
Dylan Malyasov is the editor-in-chief of Defence Blog. He is a journalist, an accredited defense advisor, and a consultant. His background as a defense advisor and consultant adds a unique perspective to his journalistic endeavors, ensuring that his reporting is well-informed and authoritative. read more

YOU MIGHT ALSO LIKE

TRENDING NOW

Leak exposes details of Russian-Indian S-400 deal

On July 15, 2024, the cyber-activist group Cyber Resistance, in collaboration with the international intelligence community InformNapalm, began releasing a series of publications named...