Northrop Grumman Files With European Union
LOS ANGELES - Feb. 22, 2001 -- Northrop Grumman Corporation (NYSE:NOC) has announced that it provided European Union (EU) regulatory authorities today with the necessary filings related to its pending acquisition of Litton Industries Inc. (NYSE:LIT). The normal time period required to complete this EU regulatory review would expire on March 23, 2001.
On Dec. 21, 2000, Northrop Grumman and Litton jointly announced that they had signed a definitive agreement under which Northrop Grumman will acquire Litton in a transaction valued at approximately $5.1 billion.
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 2000 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.
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Contacts: Northrop Grumman Corporation
Jim Taft
(310) 201-3335
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