Orbital Sciences Chairman, President and CEO David Thompson said the company plans to remain true to its mission of lowering costs to access outer space after completing its estimated $5 billion merger with ATK, the Washington Post reported Monday.
“From a strategic standpoint, this merger will create a much larger and more capable but still highly innovative, agile and competitive space and defense systems manufacturer,“ Thompson said in an investors“™ call to announce the transaction, according to the report.
Amrita Jayakumar writes that some analysts see the partnership with ATK as the next step in the Dulles-based startup space company“™s evolution in the crowded aerospace sector.
According to the report, defense analyst Loren Thompson believes the deal marks a coming-of-age for what he called were “entrepreneurial space enthusiasts“ at the outset.
“Orbital“¦ has gradually evolved to become a well-established and diverse player in the aerospace industry,“ he told the Post.
Thompson said the consolidation also validates what it takes to keep in step with tier-one contractors and survive in a highly competitive industry.
Space policy analyst Linda Billings told the publication that Orbital saw the transformation as a key step to its business growth strategy and that she believes the combined company will remain “very new and different from the traditional government contractors.”