Litton Sale Completed.Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Corp. completed its $3.8 billion acquisition of former rival Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. Inc. Los Angeles-based Northrop, the fifth-largest U.S. defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; , agreed to purchase Woodland Hills-based Litton in December to expand its sales of electronic systems for warships and military aircraft. The European Commission, which can block or change buyouts of companies with combined sales of $4.7 billion, approved the transaction in March. |
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