Northrop Grumman Completes Sale of Electro-Optical Systems to L-3 Communications
LOS ANGELES -- April 22, 2008 -- Northrop Grumman Corporation (NYSE:NOC) announced today that it has completed the sale of its Electro-Optical Systems business for $175 million in cash to L-3 Communications (NYSE:LLL). Electro-Optical Systems produces night vision and applied optics products.
Northrop Grumman Corporation is a $32 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.
CONTACT: Dan McClain (Media)
(310) 201-3335
dan.mcclain@ngc.com
Denny McSweeny (Investors)
(310) 229-1311
denny.mcsweeny@ngc.com
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