https://www.nytimes.com/2017/09/18/business/dealbook/northrop-grumman-orbital-atk.html
The military contractor Northrop Grumman said on Monday that it would buy Orbital ATK, a maker of components for missiles and satellites, for about $7.8 billion in cash, amid a rise in consolidation in the aerospace industry.
For aerospace companies, the prospects of combining — and the possible cost savings from doing so — appear to be increasingly attractive. This month, United Technologies said it planned to buy Rockwell Collins for $23 billion, bringing together stables of products that include nearly every part of planes.
[...] Buying Orbital ATK would expand Northrop's presence in the market for missiles and rockets as many countries are increasing their military budgets. The Trump administration has proposed giving the Defense Department tens of billions of dollars in additional funding in the next fiscal year, much of which is expected to survive the budget-making process in Congress.
Also at Reuters, CNBC, SpaceNews, and TheStreet.
(Score: 5, Funny) by bob_super on Monday September 18 2017, @11:47PM (1 child)
Thanks to the synergies from the acquisition, both companies will be able to hire more workers, deliver early, and provide the pentagon with rebates on various programs!
(Score: 4, Funny) by realDonaldTrump on Tuesday September 19 2017, @12:03AM
Terrific deal! In which the Chinese are not involved. Believe me, I'm going to approve this one. I will be at my desk at Trump Tower in NYC, pen in hand! 🇺🇸