Northrop Grumman Innovation Systems

Northrop Grumman Innovation Systems
Operating Division
IndustrySpace industry
Aerospace industry
Defense industry
Predecessors
FoundedFebruary 9, 2015 (as Orbital ATK)
June 5, 2018; 4 months ago (2018-06-05)[1]
Headquarters45101 Warp Drive, Dulles, Virginia, United States
Area served
Worldwide
Key people
  • David W. Thompson (President and CEO)
  • Blake E. Larson (COO)
  • Garrett E. Pierce (CFO)
  • Antonio L. Elias (CTO)
ProductsElectronics, Rocket engines, Military vehicles, Firearms, Autocannons, Missiles, Ammunition, Precision-guided munitions, Satellites, Missile approach warning systems, Launch vehicles, Spacecraft,
RevenueDecreaseUS$ 4.455 billion (2016)
IncreaseUS$ 293 million (2016)
Total assetsIncreaseUS$ 5.418 billion (2016)
Total equityIncreaseUS$ 1.817 billion (2016)
Number of employees
~12,500[2] (2016)
Website[1] Website archive

Northrop Grumman Innovation Systems is an American aerospace manufacturer and defense industry company that operates as the aviation division of parent company Northrop Grumman. It was formed as Orbital ATK Inc. in 2015 from the merger of Orbital Sciences Corporation and parts of Alliant Techsystems, and was purchased by Northrop Grumman in 2018.[3] Innovation Systems designs, builds, and delivers space, defense, and aviation-related systems to customers around the world both as a prime contractor and as a merchant supplier. It has a workforce of approximately 12,000 employees dedicated to aerospace and defense including about 4,000 engineers and scientists; 7,000 manufacturing and operations specialists; and 1,000 management and administration personnel.[2]

History

Former logo of Orbital ATK, the company's original name following the merger of Orbital Sciences Corporation and the supoff aerospace division of Alliant Techsystems.

A merger of Orbital Sciences Corporation and the defense and aerospace divisions of Alliant Techsystems (ATK) was announced on April 29, 2014. The two companies had collaborated on several previous projects, including the use of 400 ATK rocket motors in Orbital's launch vehicles.[4] The deal officially closed on February 9, 2015. ATK's sporting-goods division spun off to form Vista Outdoor on the same day.[5]

On September 18, 2017, Northrop Grumman announced plans to purchase Orbital ATK for $7.8 billion in cash plus assumption of $1.4 billion in debt.[6] Orbital ATK shareholders approved the buyout on November 29, 2017.[7] The FTC approved the acquisition with conditions on June 5, 2018, and one day later, Orbital ATK were absorbed and became Northrop Grumman Innovation Systems.[8][9]