Add-on Acquisition • Aerospace

Northrop Grumman Acquires Orbital ATK

On September 18, 2017, Northrop Grumman acquired aerospace company Orbital ATK for 9.2B USD

Acquisition Context
  • This is Northrop Grumman’s 7th transaction in the Aerospace sector.
  • This is Northrop Grumman’s largest (disclosed) transaction.
  • This is Northrop Grumman’s 15th transaction in the United States.
  • This is Northrop Grumman’s 6th transaction in Virginia.

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M&A Deal Summary

Date September 18, 2017
Target Orbital ATK
Sector Aerospace
Buyer(s) Northrop Grumman
Deal Type Add-on Acquisition
Deal Value 9.2B USD
Advisor(s) Citi (Financial)
Hogan Lovells (Legal)

Target Company

Orbital ATK

Dulles, Virginia, United States
Orbital ATK, Inc. is a designer, builder and deliver of space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Its main products include launch vehicles and related propulsion systems; missile products, subsystems and defense electronics; precision weapons, armament systems and ammunition; satellites and associated space components and services; and advanced aerospace structures. Orbital ATK was founded in 2015 and is based in Dulles, Virginia.
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Buyer Overview 1

Buyer

Northrop Grumman

Falls Church, Virginia, United States

Category Company
Founded 1939
Sector Aerospace
Employees97,000
Revenue 41.0B USD (2024)
DESCRIPTION
Northrop Grumman office in Columbia, Maryland.
Northrop Grumman office in Columbia, Maryland.

Northrop Grumman provides technologically advanced, innovative products, services, and integrated solutions in aerospace, electronics, information and services to our global customers. Northrop Grumman participates in many high-priority defense and government services technology programs in the United States and abroad as a prime contractor, principal subcontractor, partner, or preferred supplier. The Company conducts most of its business with the U.S. Government, principally the Department of Defense (DoD) and intelligence community. Northrop Grumman also conducts business with local, state, and foreign governments and domestic and international commercial customers. Northrop Grumman was formed in 1939 and is based in Falls Church, Virginia.


Deal Context for Buyer #
Overall 19 of 21
Sector: Aerospace 7 of 7
Type: Add-on Acquisition 14 of 15
State: Virginia 6 of 6
Country: United States 15 of 17
Year: 2017 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 BluVector

McLean, Virginia, United States

BluVector, Inc. is a cyber-threat detection and hunting platform that defends enterprises against evolving security threats. Leveraging patented machine learning technology and based upon years of malware analysis and classification, BluVector delivers fast, highly scalable and integrated detection of malicious software targeting enterprise networks to help security teams stay ahead of advanced threats and protect against data breaches and theft. BluVector’s installed base of customers includes Fortune® 1000 and public sector organizations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Northrop Grumman - Federal IT & Mission Support Services Business

Falls Church, Virginia, United States

Northrop Grumman's business provides a wide range of advanced technology solutions including cybersecurity, data analytics, cloud, mission-critical application development, and advanced engineering to defense, intelligence, space, civil and health customers.

Sell $3.4B