June 5, 2018 / 10:01 PM / 2 months ago

Northrop Grumman wins U.S. antitrust approval to buy Orbital ATK, with conditions

WASHINGTON, June 5 (Reuters) - Northrop Grumman won U.S. antitrust approval to buy solid rocket motor supplier Orbital ATK, Inc, with conditions, the Federal Trade Commission said on Tuesday.

The $7.8 billion deal was approved on condition that Northrop supply the solid rocket motors to competitors and to separate the two companies’ operations with a firewall, the FTC said in a statement. (Reporting by Diane Bartz Editing by James Dalgleish)

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