M&A Deal Summary

Northrop Grumman Acquires Litton Industries

On June 12, 2001, Northrop Grumman acquired aerospace company Litton Industries for 3.8B USD

Acquisition Highlights
  • This is Northrop Grumman’s 3rd transaction in the Aerospace sector.
  • This is Northrop Grumman’s 3rd largest (disclosed) transaction.
  • This is Northrop Grumman’s 5th transaction in the United States.
  • This is Northrop Grumman’s 1st transaction in California.

M&A Deal Summary
Date 2001-06-12
Target Litton Industries
Sector Aerospace
Buyer(s) Northrop Grumman
Deal Type Add-on Acquisition
Deal Value 3.8B USD

Target

Litton Industries

Woodland Hills, California, United States
Litton Industries, Inc., provides services in sectors, Ship Systems, Information Systems, Advanced Electronics.

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Buyer(S) 1

Buyer

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 7 of 21
Sector (Aerospace) 3 of 7
Type (Add-on Acquisition) 4 of 15
State (California) 1 of 3
Country (United States) 5 of 17
Year (2001) 2 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-24 Solystic SAS

Bagneux, France

Solystic SAS is an European based manufacturer of postal sorting equipment. Solystic of flat mail (magazines, catalogs and circulars) automation equipment. A key product of the French-based company is the AFSM-100, known in Europe as TOP FSM, a machine that sorts "flats" at more than twice the speed and at less operating cost than existing USPS flat sorters.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-08 Triumph Aerospace Systems - Newport News

Newport News, Virginia, United States

Newport News Shipbuilding is the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U.S. Navy submarines.

Buy $2.6B
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