Pentagon expects TRW takeover to proceed
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 09 Aug 2002 21:00
Northrop Grumman’s proposed purchase of TRW for $7.8 billion appears it will win regulatory clearance support, a senior Pentagon official said Thursday.
TRW is a well-known manufacturer of space and defense products, including spacecraft and satellites, defense communications equipment, and high-energy lasers,
US undersecretary of defense in charge of acquisitions, Edward Aldridge, claimed the deal posed no difficulties that would prompt regulators to block it. In addition, he said the Pentagon was consulting European Union competition officials about the deal.
With the acquisition, Northrop Grumman would become the second largest defense contractor in the country by adding significant strength to its satellite systems, missile systems, and systems integration capabilities. Northrop Grumman forecasts improved sales of $26 to $27 billion for 2003.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...