Astrotech’s 1st Detect and Battelle Collaboration Awarded Phase III of the DOD’s JPEO-CBD Next Generation Chemical Detection Solution

Astrotech Corporation to Sell Astrotech Space Operations Business to Lockheed Martin for $61 Million

AUSTIN, Texas, May 29, 2014 -- Astrotech Corporation (ASTC) today announced a major step in its strategic evolution with the signing of a definitive agreement to sell the assets constituting its Astrotech Space Operations business (ASO) to Lockheed Martin Corporation, including the assets of its wholly owned subsidiary, Astrotech Space Operations, for $61 million.

"We are very excited about what this transaction means for our shareholders," stated Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech Corporation. "This represents the beginning of a new era for Astrotech Corporation as the company can now concentrate our efforts on high growth business opportunities while having the needed resources to develop and fulfill the potential of our 1^st Detect mass spectrometer product line."

B/E Aerospace Announces It is Engaged in a Process to Explore Strategic Alternatives; May 5th Investor Meeting Postponed

B/E Aerospace, Inc. ("B/E" or the "Company") (BEAV), the world’s leading manufacturer of aircraft cabin interior products and the world’s leading provider of aerospace fasteners, consumables and logistics services, announced today that it is engaged in a process to explore and evaluate the Company’s strategic alternatives involving the Company and its respective businesses to enhance shareholder value. The Company has retained Citigroup as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with this process.

These strategic alternatives could include, amongst others, a possible sale or merger of the Company; the sale, spin-off or other separation of selected businesses within B/E or other strategic transactions involving the Company or its businesses.

Orbital and ATK’s Aerospace and Defense Groups to Combine in $5 Billion Merger-of-Equals to Create “Orbital ATK”, a New Global Aerospace and Defense Systems Company

-- Customers to Benefit from Broader Range of Technological Innovation and More Affordable Systems and Products in Space, Defense and Aviation Markets ---- Shareholders to Benefit from Opportunities for Faster Growth and Stronger Earnings of Combined Enterprise With Compelling Operational and Financial Synergies ---- Employees to Benefit from Greater Long-Term Career Opportunities as Part of a Leading Aerospace and Defense Manufacturer ---- 9:00 a.m. Conference Call with Financial Analysts and Investors to be Webcast --

DULLES, Va.--(BUSINESS WIRE)-- Orbital Sciences Corporation (ORB) today announced that it has entered into a definitive agreement with Alliant Techsystems Inc. (ATK), which will combine Orbital and ATK’s Aerospace and Defense (A&D) Groups to create a $4.5 billion (combined calendar year 2013 annual revenue), 13,000-person space, defense and aviation systems developer and manufacturer.