Millennium Space Systems was founded in 2001 and has approximately 260 employees. It has developed satellites ranging from 50 kg to more than 6,000 kg.
The U.S. Federal Trade Commission has cleared Northrop Grumman's $7.8 billion purchase of defense and space contractor Orbital ATK.
Satellite manufacturer and hardware provider MDA Corp. and Earth-observation company DigitalGlobe have re-submitted paperwork to the Committee on Foreign Investment in the United States (CFIUS) after cancelling the original version.
NASA contractor Wyle is being acquired by Houston-based KBR Inc. under a deal announced May 23.
Orbital Sciences Corp. and ATK completed their merger Feb. 9, forming a $4.5 billion aerospace and defense company employing 12,500 people across 17 states.
Harris Corp. is buying Exelis, Inc. in a cash and stock deal valued at approximately $4.75 billion. Both companies have broad defense electronics portfolios, with a significant amount of space-related work.
Shareholders of ATK and Orbital Sciences Corp. approved the merger of the two companies in separate votes Jan. 27, clearing the way for the merger to close in early February.
The U.S. Department of Justice has cleared the planned merger of ATK and Orbital Sciences Corp.
ATK on Nov. 17 said its special due-diligence assessment of Orbital Sciences following the Oct. 28 failure of Orbital’s Antares rocket has concluded that the merger of ATK’s Aerospace and Defense group with Orbital remained a good idea.
The New York-based satellite ground communications equipment manufacturer has been refocusing its business away from the U.S. government since its 2010 loss of a big U.S. Army communications contract.
Thompson says Orbital will bring more satellite and rocket work in-house after union.
Aerojet Rocketdyne could lay off as many as 225 employees by March as it streamlines operations.
Israeli satellite fleet operator Spacecom has hired an investment bank to evaluate sale or merger options.
Aerojet parent company GenCorp Inc. purchased Pratt & Whitney Rocketdyne in a $550 million transaction that will leave just two major players standing after more than a decade of consolidation in the U.S. rocket propulsion industry.
GenCorp Inc. is free to proceed with its $550 million acquisition of rocket engine manufacturer Pratt & Whitney Rocketdyne from United Technologies Corp. after the FTC closed an investigation into whether the transaction would lead to an anti-competitive marketplace.
MDA is counting on a fast start for SS/L to compensate for its problematic 2012.
