Northrop Grumman Corp.

NYSE:NOC   4:00:00 PM EDT
443.60
-6.38 (-1.42%)
7:53:37 PM EDT: $447.83 +4.23 (+0.95%)
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.