LITTON INDUSTRIES, INC.
Litton developed and manufactured navigation, guidance and control, electronic warfare and command, control and communications systems and information technology. It is a primary builder of large multi-mission surface combatant ships for the U.S. Navy and a major provider of overhaul, repair, modernization, ship design and engineering services.
Litton, founded in 1953 as a small electronics company, evolved into a $3.6 billion aerospace/defense company.
ACQUISITIONS AND MERGERS
California-based Litton Industries acquired Ingalls in December 1961. In January 1968 Ingalls Shipbuilding began construction of a new shipyard on a 611-acre tract of land across the Pascagoula River from the Company's existing facilities, developed around the newly-developed modular ship production concept.
Several acquisitions were completed during fiscal year 1996 which enhanced the Company's existing business base including PRC Inc. ("PRC") in February 1996 and Sperry Marine Inc. ("Sperry Marine") in May 1996. PRC is a diversified information technology company that designs, develops, integrates and processes computer-based information systems and reengineers business systems for the U.S. Government (including non-defense federal markets) and other customers. Sperry Marine is a leading producer of marine electronic navigation and guidance systems to commercial and military customers. On December 12, 1997 Litton Industries, Inc. agreed to purchase the Racal Marine Group from Racal Electronics Plc. Headquartered in the United Kingdom, the Marine Group is a world leader in the marine radar field. On January 16, 1997, Litton Industries Inc. announced that it has agreed to purchase SAI Technology (SAIT), a division of Science Applications International Corporation. The deal was completed on March 10, 1997.
In April 2001 Litton Industries was taken over by Northrop Grumman Corp. of Los Angeles.
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