Deals
Northrop Nears Deal in $7.5 Billion Range for Orbital, WSJ Says
- Purchase would boost company’s portfolio in rockets, munitions
- Northrop recently won contract to build B-21 stealth bomber
Models of Northrop Grumman's unmanned aerial vehicles are seen above their display area during a conference in Washington, D.C.
Photographer: Brendan Smialowski/BloombergThis article is for subscribers only.
Defense contractor Northrop Grumman Corp. is nearing an agreement to buy Orbital ATK Inc. for more than $7.5 billion, the Wall Street Journal reported, citing people familiar with the deal.
An announcement may come as soon as Monday, the newspaper reported. A merger would broaden Northrop’s portfolio of aerospace and defense electronics while bolstering its expertise in composites and rocket propulsion as it competes with Boeing Co. to replace the U.S. ground-based nuclear defense system.