BUSINESS
April 12, 2001 | PETER PAE, TIMES STAFF WRITER
Northrop Grumman Corp. has been one of the more active players in the defense industry's consolidation since the early 1990s, buying 12 companies, including aircraft maker Grumman for $2.1 billion and Westinghouse Electric Co.'s defense electronics business for $2.9 billion.
BUSINESS
March 24, 2001 | Associated Press
The European Union Commission gave antitrust clearance to Northrop Grumman Corp.'s purchase of Litton Industries Inc., a deal that could create one of the largest defense contractors in the U.S. and strengthen Southern California's position as a dominant player in military electronics. "To a large extent, the businesses of Northrop and Litton are complementary and the overlaps between their activities are very limited," the commission said. Northrop, the fifth-largest U.S.
BUSINESS
February 16, 2001
The Navy said it has awarded a $105.5-million contract to Ingalls Shipbuilding Inc., a unit of Woodland Hills-based Litton Industries, to repair the Navy destroyer Cole, damaged in a terrorist attack. Ingalls said it would take about a year to return the Cole to duty.
BUSINESS
December 23, 2000 | PETER PAE, TIMES STAFF WRITER
Northrop Grumman Corp.'s bid to acquire cross-town rival Litton Industries Inc. stunned Wall Street and aerospace insiders who were left wondering Friday how such a blockbuster deal escaped notice and even rumors. If not outright leaks, at least some kind of speculation often precedes such deals. But there was none for Northrop and Litton. "There was no inkling at all," said Jon B.
BUSINESS
December 22, 2000 | JAMES FLANIGAN, TIMES SENIOR ECONOMICS EDITOR
Northrop Grumman's proposed acquisition of Litton Industries would boost Southern California by giving the region a powerhouse in defense contracting once again, analysts said Thursday. Northrop, already a leader in defense electronics, would become a prime contractor in modern warfare by acquiring Litton's shipbuilding operations in Mississippi and Louisiana.
CALIFORNIA | LOCAL
December 5, 2000
http://www.lmasc.com: Lockheed Martin Aeronautics Co. News, gallery of planes with histories and specifications and a fun educational site for kids. http://www.boeing.com/space/rdyne: Rocketdyne. News, archive of in-house Threshold magazine, facts about rockets made easy, historical milestones, careers and more. http://www.litton.com: Litton Industries. News, investor relations, products and services and employment. http://www.hawker.com: Hawker Pacific Aerospace.