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ATK To Acquire Swales Aerospace
Minneapolis MI (SPX) Apr 04, 2007 Alliant Techsystems has announced that it intends to acquire Swales Aerospace, a premier provider of satellite components and subsystems, small spacecraft and engineering services for NASA, Department of Defense and commercial satellite customers. The transaction is subject to Hart-Scott-Rodino (HSR) review, and approval by a majority of the shareholders in the employee-owned company. After receiving HSR and shareholder approval, ATK will be a leading provider of satellite components, subsystems and small spacecraft. The acquisition will further increase the company's position as the partner of choice to the Government and industry. The acquisition will also enhance ATK's systems engineering. The talent and resources developed by Swales' 28-year history of providing engineering services to NASA will play an important role as ATK pursues strategic initiatives in space exploration programs. "We are excited to welcome into ATK the highly talented workforce of Swales Aerospace," said Dan Murphy, Chairman and CEO. "Together, there is much we can contribute to the space industry." The Swales facility in Beltsville, Maryland will become the headquarters for the new ATK Space Division within the Mission Systems Group. The Division will be led by Mike Cerneck, the current Chief Executive Officer of Swales Aerospace. The new Division will inherit the space structures and subsystems operations of ATK's current Space Systems and Sensors Division. Email This Article
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Orbital Marks 25 Years Of New Space Success
Dulles, VA (SPX) Apr 03, 2007Orbital Sciences Corporation marked the company"s first quarter-century in the space business on Monday with the founding of the company on April 2, 1982. At anniversary events starting at the company"s Dulles, Virginia headquarters and continuing later this week at other sites, Orbital executives thanked its employees and customers for making possible the company"s successes to date, and for providing exciting opportunities for future achievements. |
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