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US: $5B joint space venture rockets into operations

 |  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.

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

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