M&A Deal Summary

Northrop Grumman Acquires XonTech

On July 24, 2003, Northrop Grumman acquired aerospace company XonTech

Acquisition Highlights
  • This is Northrop Grumman’s 5th transaction in the Aerospace sector.
  • This is Northrop Grumman’s 9th transaction in the United States.
  • This is Northrop Grumman’s 2nd transaction in California.

M&A Deal Summary

Date 2003-07-24
Target XonTech
Sector Aerospace
Buyer(s) Northrop Grumman
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

XonTech

Van Nuys, California, United States
XonTech, Inc., a science and technology firm specializing in missile defense, and sensor and intelligence data analysis. The acquisition boosts the company's missile defense capabilities.

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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 11 of 21
Sector (Aerospace) 5 of 7
Type (Add-on Acquisition) 8 of 15
State (California) 2 of 3
Country (United States) 9 of 17
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-18 Fibersense Technology

Canton, Massachusetts, United States

Fibersense Technology Corp., is a designer and manufacturer of fiber optic gyroscope-based navigation systems.

Buy $44M
FOLLOWING 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 -