Hello, Guest!
  • Tuesday, December 24, 2024

Northrop Closes Orbital ATK Purchase; Blake Larson Named Innovation Systems Sector President


Northrop Grumman (NYSE: NOC) wrapped up its approximately $9.2 billion purchase of Orbital ATK on Wednesday and will now run the newly acquired company as its fourth business sector called Northrop Grumman Innovation Systems.

Blake Larson, most recently chief operating officer at Orbital ATK, has been elected by the board as corporate vice president and president of Northrop Grumman Innovation Systems and will report to Kathy Warden, Northrop president and COO, Northrop said Wednesday.

Wes Bush, chairman and CEO of Northrop, said the company welcomes Orbital ATK™s employees and expects the combination to leverage both firms™ technologies and culture to develop mission capabilities and offerings in global security domains.

Warden and Bush are both 2018 Wash100 recipients.

The Federal Trade Commission cleared the deal on Tuesday with a requirement for Northrop to supply solid-rocket motors to competitors on œa non-discriminatory basis.

Northrop announced the acquisition in September 2017 in a move to expand technology offerings and accelerate innovation efforts.

Video of the Day

Related Articles

Northrop Posts 9% Increase in Q1 2024 Sales; Kathy Warden Quoted Financial Reports

Northrop Posts 9% Increase in Q1 2024 Sales; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) gained $10.1 billion in sales during the first quarter of 2024, up 9 percent from the $9.3 billion it posted in the same period last year, and reported net earnings of $944 million, or $6.32 per diluted share. The company, in a Thursday announcement, attributed the sales growth to higher sales

Northrop Grumman CEO Kathy Warden Wins 9th Wash100 Award for Spearheading Strategic Company Expansion Wash100

Northrop Grumman CEO Kathy Warden Wins 9th Wash100 Award for Spearheading Strategic Company Expansion

Executive Mosaic is proud to name Northrop Grumman Chairman, CEO and President Kathy Warden to its 2024 Wash100 list for her strategic, growth-oriented leadership strategy and her keen attention to military innovation. This is Warden’s ninth year appearing on the Wash100 list, placing her in the top echelon of all-time Wash100 recipients. GovCon’s most exciting competition

Northrop Logs $10.6B in Sales for Q4 2023; Kathy Warden Quoted Financial Reports

Northrop Logs $10.6B in Sales for Q4 2023; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) gained $10.6 billion in sales in the fourth quarter of 2023, up 6 percent compared to the same period the previous year, and $39.3 billion in full-year sales, a 7 percent year-over-year increase. Kathy Warden, chair, CEO and president of Northrop and a 2024 Wash100 awardee, attributed the growth to the increased demand for the company's products and services and reaffirmed the cash flow outlook for 2024 and 2025, projecting growth to continue in 2026.