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Draft2:Northrop Grumman Innovation Systems

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Template:Private companyNorthrop Grumman Innovation Systems (NGIS) was a sector (business segment) of Northrop Grumman from 2018 to 2019. It was formed from Orbital ATK Inc. a company which resulted from the merger of Orbital Sciences Corporation and parts of Alliant Techsystems in 2015. Orbital ATK was purchased by Northrop Grumman in 2018.[1] Northrop Grumman Innovation Systems designed, built, and delivered space, defense, and aviation-related systems to customers around the world both as a prime contractor and as a merchant supplier. It had a workforce of approximately 12,000 employees dedicated to aerospace and defense including about 4,000 engineers and scientists; 7,000 manufacturing and operations specialists; and 1,000 management and administration personnel.[2] With Northrop Grumman's reorganization of its divisions effective January 1, 2020, NGIS was split, with most of the sector merging with other Northrop Grumman businesses into a new Space Systems sector.[3]

Official Site - northropgrumman.com

Company history with DOE

History

A merger of Orbital Sciences Corporation and the defense and aerospace divisions of Alliant Techsystems (ATK) was announced on April 29, 2014. The two companies had collaborated on several previous projects, including the use of 400 ATK rocket motors in Orbital's launch vehicles.[4] The deal officially closed on February 9, 2015. ATK's sporting-goods division spun off to form Vista Outdoor on the same day.[5]

On September 18, 2017, Northrop Grumman announced plans to purchase Orbital ATK for US$7.8 billion in cash plus assumption of US$1.4 billion in debt.[6] Orbital ATK shareholders approved the buyout on November 29, 2017.[7] The Federal Trade Commission (FTC) approved the acquisition with conditions on June 5, 2018, and on June 6, 2018, Orbital ATK was absorbed and became Northrop Grumman Innovation Systems.[8][9]

External links

References

  1. ↑ "Orbital ATK will become Northrop Grumman's fourth business sector". June 6, 2018. https://spacenews.com/acquisition-of-orbital-atk-approved-company-renamed-northrop-grumman-innovation-systems/. 
  2. ↑ "Company Overview". https://www.orbitalatk.com/about/company-overview/. 
  3. ↑ "Northrop launches new divisions focused on space, cyber, unmanned tech". September 20, 2019. https://www.defensenews.com/industry/2019/09/20/northrop-launches-new-divisions-focused-on-space-cyber-unmanned-tech/. 
  4. ↑ Aitoro, Jill R. (April 29, 2014). "Why the merger of ATK and Orbital Sciences makes sense". Washington Business Journal. http://www.bizjournals.com/washington/blog/fedbiz_daily/2014/04/why-the-merger-of-atk-and-orbital-sciences-makes.html?page=all. 
  5. ↑ Wall, Mike (February 10, 2015). "Orbital ATK, Merger of Orbital Sciences and ATK, Begins Operations". Space.com. http://www.space.com/28515-orbital-atk-merger-private-spaceflight.html. 
  6. ↑ "Northrop Grumman to Acquire Orbital ATK for $9.2 Billion" (Press release). Falls Church and Dulles, Virginia: Northrop Grumman Corporation. September 18, 2017. https://www.orbitalatk.com/news-room/publications/files/NG_PR.pdf. 
  7. ↑ "Orbital ATK Shareholders Vote to Approve Acquisition by Northrop Grumman" (Press release). Falls Church, Virginia: Northrop Grumman Corporation. November 29, 2017. https://news.northropgrumman.com/news/releases/orbital-atk-shareholders-vote-to-approve-acquisition-by-northrop-grumman. Retrieved July 23, 2018. 
  8. ↑ "FTC Imposes Conditions on Northrop Grumman's Acquisition of Solid Rocket Motor Supplier Orbital ATK, Inc." (Press release). Federal Trade Commission. June 5, 2018. https://www.ftc.gov/news-events/press-releases/2018/06/ftc-imposes-conditions-northrop-grummans-acquisition-solid-rocket. Retrieved June 6, 2018.  Template:PD-notice
  9. ↑ Erwin, Sandra (June 5, 2018). "Acquisition of Orbital ATK approved, company renamed Northrop Grumman Innovation Systems". SpaceNews. http://spacenews.com/acquisition-of-orbital-atk-approved-company-renamed-northrop-grumman-innovation-systems/. 

 

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