Northrop Grumman Completes Orbital ATK Acquisition, Blake Larson Elected to Lead New Innovation Systems Sector
06 Juin 2018 - 11:04PM
FALLS CHURCH, Va. - June 6, 2018 - Northrop
Grumman Corporation (NYSE: NOC) today announced it has closed the
acquisition of Orbital ATK Inc. ("Orbital ATK"), a global leader in
aerospace and defense technologies. Orbital ATK is now Northrop
Grumman Innovation Systems, a new, fourth business sector.
Northrop Grumman's board of directors has elected
Blake Larson as corporate vice president and president of Northrop
Grumman Innovation Systems, reporting to Kathy Warden, Northrop
Grumman's president and chief operating officer. Larson previously
served as the chief operating officer of Orbital ATK.
"We welcome Orbital ATK's talented employees,"
said Wes Bush, chairman and chief executive officer, Northrop
Grumman. "We are delighted to have them join the Northrop Grumman
team, and we are very excited about the value creation our
combination represents for our customers, shareholders and
employees. Together, through our leading technologies and
innovation-focused culture, we look forward to developing enhanced
mission capabilities and more competitive offerings in critical
global security domains," said Bush.
"I am also excited to welcome Blake to our
leadership team," Bush added. "He is a proven leader and I
know that he will continue to focus on performance and innovation
as the president of our new Innovation Systems sector."
Northrop Grumman is a leading global security
company providing innovative systems, products and solutions in
autonomous systems, cyber, C4ISR, strike, and logistics and
modernization to customers worldwide. Please visit
news.northropgrumman.com and follow us on Twitter, @NGCNews, for
more information.
Cautionary Statement Regarding
Forward-Looking Statements
Statements in this press release, other than statements of
historical fact, constitute "forward-looking" information within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as "will," "anticipate," "expect," "intend,"
"plan," "believe," "estimate," and similar expressions generally
identify these forward-looking statements. Forward-looking
statements include, among other things, statements regarding the
benefits and implications of the Orbital ATK acquisition. These
forward-looking statements speak only as of the date when made, and
Northrop Grumman undertakes no obligation to update or revise any
forward-looking statements after the date of this press release
except as required by applicable law. Forward-looking statements
are not guarantees of future performance and inherently involve a
wide range of risks and uncertainties that are difficult to
predict. Actual results may differ materially from those
described or implied in these statements based on a number of
factors. A discussion of these risks and uncertainties is
contained in Northrop Grumman's Annual Report on Form 10-K and in
our other filings with the Securities and Exchange Commission.
Contact:
Tim Paynter (media)
703-280-2720
timothy.paynter@ngc.com
Steve Movius (investors)
703-280-4575
steve.movius@ngc.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Northrop Grumman Corp. via Globenewswire
Northrop Grumman (NYSE:NOC)
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