Northrop Grumman Corp.

NYSE:NOC  
371.61
+1.55 (+0.42%)
Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

Northrop Grumman To Sell Federal IT And Mission Support Business To Veritas Capital For $3.4 Bln

Published: 12/07/2020 23:19 GMT
Northrop Grumman Corp. (NOC) - Press Release - Northrop Grumman to Sell Federal It and Mission Support Business to Veritas Capital for $3.4 Billion.
Northrop Grumman Corp - Expects to Use Sale Proceeds Primarily for Share Repurchases, to Offset Dilution From Transaction, and for Debt Retirement.
Northrop Grumman Corp - on Closing, Veritas Expects to Combine Northrop Grumman Business With Peraton, a Veritas Portfolio Company.