Northrop Grumman Completes Acquisition of Essex Corporation
25 Janvier 2007 - 11:50PM
PR Newswire (US)
LOS ANGELES, Jan. 25 /PRNewswire-FirstCall/ -- Northrop Grumman
Corporation (NYSE:NOC) announced today that it has completed the
acquisition of Essex Corporation, having acquired 100 percent of
the shares of Essex common stock for $24 per share. The cash
transaction is valued at approximately $580 million, which includes
the assumption of Essex's debt. Essex provides signal processing
services and products and advanced optoelectronic imaging for U.S.
government intelligence and defense customers. It will operate as a
business unit within Northrop Grumman's Mission Systems sector.
Northrop Grumman Corporation is a $30 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. DATASOURCE: Northrop Grumman
Corporation CONTACT: Media, Dan McClain, +1-310-201-3335, , or
Investors, Gaston Kent, +1-310-201-3423, , both of Northrop Grumman
Corporation
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