Sept. 18 (UPI) -- Northrop Grumman is to acquire Orbital ATK in a deal worth $9.2 billion, bringing together two of the primary defense contractors for the U.S. military.
Northrop Grumman will purchase Orbital ATK with $7.8 billion in cash and assume $1.4 billion of Orbital's debt, the company's announced on Monday. The deal is expected to officially close early next year.