Cash Offer: Defense Deal and Technologies Corp

cash offer: The combined company would be firmly positioned as one of the four largest U.S. defense contractors, with about half of roughly 29 billion in sales last year having come from Pentagon prime contracts. ; The cash offer represents a 22 percent premium over Orbital's closing price last week, and it ranks as the largest defense deal since Lockheed bought the Sikorsky helicopter division of United Technologies Corp. in 2015, according to The Japan Times. U.S. defense companies have soared this year on prospects for greater weapons spending under President Donald Trump and from governments overseas, amid rising perceived threats. The transaction cements a turnaround for Northrop, which had been the target of breakup speculation before it scored an upset win in 2015 to build the next U.S. stealth bomber. As we watch what's happening around our globe, the rather rapid advance of some of our potential adversaries is quite concerning, Northrop Chief Executive Officer Wesley Bush said Monday on a conference call with analysts to discuss the transaction. It's something that our customers are struggling with. This issue of technological superiority for the U.S. and our allies is a real issue. (news.financializer.com). As reported in the news.