A PYMNTS Company

US: $5B joint space venture rockets into operations

By  |  May 1, 2014

A joint venture inked in a $5 billion deal will result in a major satellite and rocket technology conglomerate, according to reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Satellite and rocket-manufacturer Orbital Sciences and rocket booster maker ATK announced plans for a new joint venture Tuesday, creating a new company to be called Orbital ATK. Reports say the new firm could be home to up to 13,000 employees.

    The venture, which was described by the firms as a “merger of equals,” follows a project the companies are already working on together. Reports say Orbital and ATK are currently both working on an air-launched rocket for Stratolaunch.

    Full content: NBC News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.