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United States : ORBITAL ATK SPACE created by a merger worth $5 billion [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) A $5 billion merger of equals will turn Orbital Sciences Corp. and ATK into a single space services company called Orbital ATK. Orbital is focused on building small and medium-class (SMC) satellites as well as rockets such as Pegasus and the recently introduced Antares, which has been sending Orbital's Cygnus capsule on cargo runs to the International Space Station. ATK built the solid rocket boosters that were used in the space shuttle program and announced a $178 million contract to provide hardware for United Launch Alliance's Atlas 5 and Delta 4 rockets. ATK is working on the solid rocket boosters for NASA's heavy-lift Space Launch System, which is to make its flight-test debut in 2017. Orbital and ATK have been working on an air-launched rocket for Stratolaunch, the venture is being backed by software billionaire Paul Allen. The combination of Orbital's and ATK's aerospace ventures creates a 13,000 employee company that accounts for $4.5 billion in revenue during 2013. Orbital ATK would be based at Orbital's current headquarters in Dulles, Va. ATK's shareholders own about 53.8% of the new company's equity, with the remaining 46.2% going to Orbital's shareholders. ATK s Sporting Group produces firearms, ammo and equipment primarily for hunters and recreational shooters, would be spun off to shareholders before the merger. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company |