Northrop Grumman to Buy Orbital ATK for $7.8 Billion<br />The military contractor Northrop Grumman said on Monday<br />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.<br />The Trump administration has proposed giving the Defense Department tens of billions of dollars in additional<br />funding in the next fiscal year, much of which is expected to survive the budget-making process in Congress.<br />This month, United Technologies said it planned to buy Rockwell Collins for $23 billion,<br />bringing together stables of products that include nearly every part of planes.<br />The missile business is also growing fast, particularly as missile defense becomes a bigger concern for countries around the world<br />Under the terms of the deal announced on Monday, Northrop would pay $134.50 for<br />each Orbital ATK share, a 22 percent premium to the closing price on Friday.
