Orbital Sciences Corporation and Alliant Techsystems are merging their aerospace and defense business forming Orbital ATK in a $5 billion merger deal, the companies announced. “The proposed merger will generate cost and revenue synergies and create a more streamlined and competitive operator,” said ATK Chief Executive Officer Mark DeYoung, in Orbital’s April 29 release. The combined firm’s holdings will span the two companies’ entire current satellite, space launch, missile, weapons, military electronics, and aircraft systems lines, according to the release. Orbital ATK will employ a 13,000-strong workforce of engineers and technicians across 17 states. “This merger-of-equals … brings together two of the space and defense industry’s most innovative developers and cost-efficient manufacturers who have worked closely together for over 25 years,” said Orbital Chief Executive Officer David Thompson, who also will serve as president and CEO of the new company. “Orbital ATK will deliver even more affordable space, defense and aviation systems to our existing customers and be strongly positioned to expand into adjacent areas,” he added. Former Air Force Chief of Staff retired Gen. Ronald Fogleman will lead the combined firm’s board of directors, the companies stated.
The Air Force is placing Air Combat Command in charge of teaching combat tactics to fighter and remotely-piloted aircraft units, according to a May 12 announcement. Beginning this summer, the service will reassign the formal training units for the F-35, F-16, and MQ-9 from Air Education and Training Command to…