Northrop Grumman Plans To Refile Hart-Scott-Rodino Notification
LOS ANGELES - Jan. 16, 2001 -- Northrop Grumman Corporation (NYSE: NOC) announced today that in order to provide the government the time necessary to review its pending acquisition of Litton Industries Inc. (NYSE: LIT), the company has voluntarily withdrawn its Hart-Scott-Rodino (HSR) notification of Jan. 4, 2001, which commenced the governmental and regulatory review process.
The company stated that it continues to have positive and productive discussions with the government and expects to refile its HSR notification in a timely manner. Northrop Grumman also said that it plans to provide the European Union regulatory authorities with the required filings before the end of this month. The company added that it expects to complete U.S. and European regulatory approvals by the end of the first quarter of 2001.
Northrop Grumman Corporation, headquartered in Los Angeles, is a world-class, high technology company providing innovative solutions in systems integration, defense electronics and information technology for its U.S. and international military, government and commercial customers, as a prime contractor, principal subcontractor, team member or preferred supplier. The company had revenues of $7.6 billion in 1999 (restated) and has a workforce of approximately 39,000 employees.
LEARN MORE ABOUT US: Northrop Grumman news releases, product information, photos and video clips are available on the Internet at: http://www.northgrum.com.
Contacts:
Jim Taft (Media) (310) 201-3335
Gaston Kent (Investors) (310) 201-3423
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