ABC News logo ABC News 1 month ago

Northrop to Sell $1.65 Bln Unit to Private Equity

NEW YORK (Reuters) - Defense contractor Northrop Grumman <NOC.N> has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co <KKR.UL>, for $1.65 billion, the companies said on Sunday. Full Article at ABC News

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  1. Defense contractor Northrop Grumman Corp. on Sunday agreed to sell its government advisory business for $1.65 billion to a group of private equity investors led by General Atlantic and Kohlberg Kravis Roberts & Co. Full Article at Los Angeles Times

  2. Nov. 9 (Bloomberg) -- KKR & Co. and General Atlantic LLC agreed to pay $1.65 billion for a government-consulting unit that Northrop Grumman Corp. is selling to comply with new conflict-of-interest regulations. Full Article at Bloomberg.com

  3. NEW YORK (Reuters) - Defense contractor Northrop Grumman <NOC.N> has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co <KKR.UL>, for $1.65 billion, the companies said on Sunday. Full Article at The Washington Post

  4. Northrop Grumman agreed on Sunday to sell its TASC government consulting unit to the private equity firms Kohlberg Kravis Roberts and General Atlantic for $1.65 billion in cash, in another sign that private equity firms are back to their core business... Full Article at The New York Times

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  1. LOS ANGELES, CA - NOVEMBER 10:  Douglas Beaver,(C) a US Army veteran, and Kenneth Breitweg, (R) a US Air Force veteran, look at jobs advertised at the Northrop Grumman booth during a job fair titled 'Honor a Hero, Hire a Vet' that attracted hundreds of veterans on November 10, 2009 in Los Angeles...
  2. NEW YORK - NOVEMEBER 2:  New York City Mayor Michael R. Bloomberg, (C) leaves after an arrival ceremony of the amphibious transport dock ship the soon to be commissioned  USS New York on November 2, 2009 in New York City.
  3. In this photo provided by the U.S. Navy, members of the Naval Air Station Joint Reserve Base  New Orleans honor guard render honors to Navy assault ship  USS New York as the ship transits the Mississippi River Tuesday, Oct. 13, 2009, after departing Northrop Grumman Ship Systems in Avondale, La.
  4. OSLO, NORWAY - DECEMBER 10:  Climate protestors gather outside Oslo Town Hall as US President Barack Obama recieves the Nobel Peace Prize on December 10, 2009 in Oslo, Norway.
  5. U.S. President Barack Obama reacts to applause, while standing next to Nobel committee member Kaci Kullmann-Five, after entering the Nobel Peace Prize ceremony at City Hall  in Oslo, December 10, 2009.
  6. OSLO, NORWAY - DECEMBER 10:  ***  *** Nobel Peace Prize laureate, US President Barack Obama and First Lady Michelle Obama arrive for the Nobel Peace prize award ceremony at the City Hall  on December 10, 2009 in Oslo, Norway.

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