Northrop Grumman wins US antitrust approval to buy Orbital ATK

Northrop Grumman wins US antitrust approval to buy Orbital ATK

U.S. defense contractor Northrop Grumman won U.S. antitrust approval to buy solid rocket motor supplier Orbital ATK with conditions, the Federal Trade Commission said on Tuesday. The $7.8 billion deal was approved on condition that Northrop supply the solid rocket motors to competitors for missile contracts and to separate the two companies’ operations with a firewall, the FTC said in a statement. Northrop said in a statement it expects the transaction will be completed after…

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