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Orbital ATK’s has a 175,000-square-foot facility in Dayton that’s home to a metallic and composite machine shop among other facilities, according to the company. Northrop Grumman also has a regional office in Beavercreek near Wright-Patterson Air Force Base.
In a press statement, Northrop Grumman and the Orbital ATK, both of which are headquartered in Virginia, said the proposed deal includes $7.8 billion in cash plus assuming $1.4 billion in net debt.
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Orbital ATK, an aerospace and defense contractor with locations around the world, has a workforce of about 13,000 employees. The company reported revenues of about $4.5 billion and a backlog of $15 billion in orders.
Both companies board of directors have OK’d the agreement which was expected to take effect next year.
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