By Stephen Nakrosis

The U.S. Federal Trade Commission on Tuesday approved a modified final order that settles charges that Northrop Grumman's (NOC) $7.8 billion acquisition of aerospace and defense contractor Orbital ATK, Inc. likely would be anticompetitive.

The FTC said Northrop must make its solid rocket motors and related services available on a non-discriminatory basis to all competitors for missile contracts. The defense contractor must also SRM business from the rest of the company's operations with a firewall, the FTC said.

The settlement also allows the Department of Defense to appoint a compliance officer to oversee the company's conduct as regards the settlement.

Northrup Grumman said in June it had completed the acquisition of Orbital ATK and it would become Northrop Grumman Innovation Systems, a new, fourth business sector.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 04, 2018 14:10 ET (19:10 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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