M&A Deal Summary

Northrop Grumman Acquires TRW

On July 1, 2002, Northrop Grumman acquired diversified company TRW for 7.8B USD

Acquisition Highlights
  • This is Northrop Grumman’s 1st transaction in the Diversified sector.
  • This is Northrop Grumman’s 2nd largest (disclosed) transaction.
  • This is Northrop Grumman’s 7th transaction in the United States.
  • This is Northrop Grumman’s 1st transaction in Ohio.

M&A Deal Summary
Date 2002-07-01
Target TRW
Sector Diversified
Buyer(s) Northrop Grumman
Deal Type Add-on Acquisition
Deal Value 7.8B USD
Advisor(s) Goldman Sachs
Credit Suisse Investment Banking (Financial)

Target

TRW

Euclid, Ohio, United States
TRW provided advanced technology products and services for the automotive, aerospace and systems markets. TRW was formed in 1901 and was based in Euclid, Ohio.

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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 9 of 21
Sector (Diversified) 1 of 1
Type (Add-on Acquisition) 6 of 15
State (Ohio) 1 of 1
Country (United States) 7 of 17
Year (2002) 1 of 2
Size (of disclosed) 2 of 10
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-12 VEAM/TEC/ Northrop Grumman

United States

Founded in 1936, VEAM/TEC has an excellent reputation for providing customized connector solutions within a product portfolio that includes composite plastic circulars, fiber optics, high-density rectangular and high power/high voltage connectors.

Sell -
Mergr

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