A version of this article appears in the May 5 edition of Aviation Week & Space Technology. A proposed merger between Orbital Sciences Corp. and the aerospace and defense units of Alliant Techsystems (ATK) would end ATK’s decline in the post-space-shuttle era while transforming Orbital into a diversified company less dependent on the space and defense sectors.  “I am convinced this merger is the kind of event that is often sought but rarely found, one with compelling ...

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