Northrop Makes Deals.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. agreed to sell its commercial aerostructures division, which makes fuselages and other parts mostly for Boeing (language) BOEING - An early system on the IBM 1130. [Listed in CACM 2(5):16, May 1959]. Co. jets, to privately held Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. for $843 million in cash and securities. The deal wasn't a surprise, because Century City-based Northrop Grumman had said in April that it was in talks to shed the struggling operation, and Carlyle, which has ownership stakes in several aerospace and defense companies, reportedly was one of the suitors. Separately, Northrop Grumman agreed to buy Comptek Research Inc., a small maker of electronic warfare Noun 1. electronic warfare - military action involving the use of electromagnetic energy to determine or exploit or reduce or prevent hostile use of the electromagnetic spectrum EW military action, action - a military engagement; "he saw action in Korea" simulators, for about $160 million of Northrop Grumman stock. Comptek, with annual revenue of $145 million, is based in Buffalo, N.Y. |
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