Wolf Popper LLP Announces Investigation of Fraud Claims on Behalf of Investors in Orbital ATK, Inc.

NEW YORK, Aug. 10, 2016 /PRNewswire/ -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of investors in Orbital ATK, Inc. (NYSE: OA), resulting from Orbital's revelation that it is "reviewing the prior accounting" of a $2.3 billion long-term contract with the U.S. Army. Orbital investors can contact Fei-Lu Qian at 877.370.7703 or [email protected] for more information.

On August 10, 2016, Orbital disclosed the need to restate financial statements for the fiscal year ended March 31, 2015, the nine-month transition period ended December 31, 2015, the quarters in fiscal 2015 and the quarter ended April 3, 2016, relating to a contract to manufacture and supply small caliber ammunition at the U.S. Army's Lake city Army Ammunition Plant. The restatement will reduce reported income from continuing operations by $400 million to $450 million in total, and reduce annual revenues by $100 million to $150 million in total.

On this disclosure, Orbital common stock plummeted nearly $20.00 per share or approximately 20% on August 10, 2016.

Wolf Popper LLP has extensive experience representing shareholders in securities class actions. The reputation and expertise of the firm in representing shareholders has been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. See www.wolfpopper.com.

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Wolf Popper LLP
Fei-Lu Qian
845 Third Avenue
New York, NY 10022
Tel.: 877.370.7703
Fax: 877.370.7704
Email: [email protected]

SOURCE Wolf Popper LLP

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