Northrop Grumman is a prominent American multinational aerospace and defense company deeply involved in the space industry. As a space technology and launch systems provider, they manufacture spacecraft, satellites, and precision sensors. They are a major partner with NASA, providing cargo delivery to the International Space Station (ISS) through their Cygnus spacecraft and contributing to projects like the James Webb Space Telescope. Northrop Grumman is also involved in developing advanced autonomous systems for military and commercial applications.
Identity changes, mergers, acquisitions, splits, and transferred business lines.
7 events
Veritas Capital acquired Northrop Grumman's federal IT and mission support services business for $3.4 billion, folding it into Peraton.
Scope: Northrop Grumman Innovation Systems
Renamed former Orbital ATK operations after acquisition.
Orbital ATK was acquired by Northrop Grumman and renamed Northrop Grumman Innovation Systems.
Scope: Shipbuilding sector (Newport News Shipbuilding and Ingalls Shipbuilding)
Full pro rata spin-off distribution; Northrop Grumman continued as an independent company without the shipbuilding business.
Northrop Grumman's board approved the spin-off March 14, 2011, and completed the distribution March 31, 2011: stockholders of record as of March 30, 2011 received one share of Huntington Ingalls Industries (HII) common stock for every six shares of Northrop Grumman held. HII became an independent, publicly traded company comprising Northrop Grumman's shipbuilding business (Newport News Shipbuilding and Ingalls Shipbuilding). Confirmed via Northrop Grumman/HII press releases and SEC Form 8-K / 10-12B filings.
Scope: TRW Inc. (aerospace, defense electronics, and space/IT segments)
TRW's separate automotive business (TRW Automotive Holdings) was divested to The Blackstone Group in a concurrent, distinct transaction closing February 2003 and is not represented here.
Northrop Grumman completed its acquisition of TRW Inc. on December 11, 2002 (Richmond Acquisition Corp., a Northrop Grumman subsidiary, merged into TRW) following stockholder approval of both companies the same day. Deal value approximately $7.8 billion in stock (~$60/share) plus assumption of TRW net debt; made Northrop Grumman the No. 2 U.S. defense contractor at the time. TRW's automotive business (TRW Automotive) was concurrently divested to The Blackstone Group, closing February 2003, and is not part of this transaction. DATA NOTE: "TRW" / "TRW Inc." has no distinct canonical organization row in this database -- it exists only as an entity_alias pointing to the Northrop Grumman org_id. This event therefore uses the Northrop Grumman organization for both the acquirer and target roles as the best available representation; a data steward may want to create a distinct canonical "TRW Inc." organization row for cleaner heritage modeling. Confirmed via Northrop Grumman press releases and SEC Form 8-K/424B3 filings; corroborated by FlightGlobal.
After intervening in a prior Newport News-General Dynamics merger agreement on antitrust grounds, Northrop Grumman signed a definitive agreement to acquire Newport News Shipbuilding on Nov 8, 2001 (~$2.6B including ~$500M assumed debt); ~80.7% of shares were acquired in Nov 2001, with the remainder by Jan 18, 2002. Newport News later became part of Huntington Ingalls Industries in the 2011 shipbuilding spinoff.
Northrop Grumman acquired approximately 97% of Litton Industries' common stock and 59% of preferred stock in April 2001 (~$3.8B); remaining shares were acquired by June 2001. Litton's Ingalls Shipbuilding later became part of Huntington Ingalls Industries in the 2011 shipbuilding spinoff.
Scope: Grumman Corporation corporate identity and businesses
Scope: Northrop Corporation corporate identity
Northrop Grumman records state that Northrop Corporation was renamed Northrop Grumman Corporation on 18 May 1994 after acquiring Grumman.