M&A Deal Summary

Cobham Acquires Northrop Grumman - Litton Life Support Business Unit

On August 22, 2003, Cobham acquired aerospace company Northrop Grumman - Litton Life Support Business Unit from Northrop Grumman

Acquisition Highlights
  • This is Cobham’s 1st transaction in the Aerospace sector.
  • This is Cobham’s 1st transaction in the United States.
  • This is Cobham’s 1st transaction in Iowa.

M&A Deal Summary

Date 2003-08-22
Target Northrop Grumman - Litton Life Support Business Unit
Sector Aerospace
Buyer(s) Cobham
Sellers(s) Northrop Grumman
Deal Type Divestiture
Advisor(s) Genesis Capital LLC (Financial)

Target

Northrop Grumman - Litton Life Support Business Unit

Davenport, Iowa, United States
Life Support, located in Davenport, Iowa, designs and manufactures air separation systems for military and commercial aircraft, medical and industrial applications.

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Buyer(S) 1

Buyer

Cobham

Dorset, United Kingdom

Category Company
Founded 1934
Sector Defense
Revenue 1.9B GBP (2018)
DESCRIPTION

Cobham offers various technologies and services for commercial, defense, and security markets worldwide. The company operates in four segments: Cobham Aerospace and Security, Cobham Defense Systems, Cobham Mission Systems, and Cobham Aviation Services. Cobham was founded in 1934 and is based in Dorset, United Kingdom.


DEAL STATS #
Overall 1 of 6
Sector (Aerospace) 1 of 2
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 4
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Cobham - Aerospace Fluid & Air Division

Wimborne, United Kingdom

Cobham - Aerospace Fluid & Air Division is a provider of low-pressure airframe fuel systems, electro-mechanical actuation, air ducting and hydraulic and power generation.

Sell $270M

Seller(S) 1

SELLER

Northrop Grumman

Falls Church, Virginia, United States

Category Company
Founded 1939
Sector Aerospace
Employees101,000
Revenue 39.3B USD (2023)
DESCRIPTION
Northrop Grumman office in Columbia, Maryland.
Northrop Grumman office in Columbia, Maryland.

Northrop Grumman provides technologically advanced, innovative products, services, and integrated solutions in aerospace, electronics, information and services to our global customers. Northrop Grumman participates in many high-priority defense and government services technology programs in the United States and abroad as a prime contractor, principal subcontractor, partner, or preferred supplier. The Company conducts most of its business with the U.S. Government, principally the Department of Defense (DoD) and intelligence community. Northrop Grumman also conducts business with local, state, and foreign governments and domestic and international commercial customers. Northrop Grumman was formed in 1939 and is based in Falls Church, Virginia.


DEAL STATS #
Overall 4 of 14
Sector (Aerospace) 2 of 5
Type (Divestiture) 4 of 14
State (Iowa) 1 of 1
Country (United States) 4 of 12
Year (2003) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-19 Northrop Grumman - Poly-Scientific Division

California, United States

Northrop Grumman's Poly-Scientific Division is a manufacturer of motion control and data-transmission devices. Its principal products are electrical and fiber-optic slip rings, brushless D. C. motors, and electromechanical actuators.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-13 KAC Holdings

Des Plaines, Illinois, United States

Kester is a global supplier of high quality solder and solder derivative products for electronic assembly. Kester's wide range of products include an array of basic and high-tech attachment materials, including traditional soldering chemicals, bar and wire solder and paste products and advanced products such as epoxies, polymers, encapsulants, preforms, thermal management materials, precision solder columns and micro-spheres.

Sell -