By Dana Mattioli

Northrop Grumman Corp. is nearing a purchase of Orbital ATK Inc., a deal that could be worth upward of $7.5 billion, according to people familiar with the matter.

A deal between the two defense contractors could be announced as soon as Monday, the people said. Northrop has a market value of more than $45 billion. Orbital has a market value of $6.3 billion. Terms of the transaction couldn't be learned, but with a typical takeover premium, it could value the smaller company at upward of $7.5 billion.

An an nounced union of the companies would come on the heels of a giant aerospace deal just announced earlier this month, when United Technologies Corp. agreed to buy Rockwell Collins Inc. for more than $20 billion.

Write to Dana Mattioli at dana.mattioli@wsj.com

(END) Dow Jones Newswires

September 17, 2017 18:28 ET (22:28 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Northrop Grumman (NYSE:NOC)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024 Plus de graphiques de la Bourse Northrop Grumman
Northrop Grumman (NYSE:NOC)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024 Plus de graphiques de la Bourse Northrop Grumman