Aug. 29, 2013, 8:25 AM
- Northrop Grumman (NOC) has agreed to acquire Qantas Airways' (QUBSF.PK) defense unit, which provides support for customers such as the Royal Australian air force and services planes that transport government dignitaries.
- The deal is part Northrop's efforts to boost its international business amid defense cuts in the U.S. Financial details weren't disclosed.
- Meanwhile, Northrop yesterday won two orders worth $66M in total, one for the U.S. Navy and the other for the French Air Force.
Oct. 11, 2012, 10:15 AMWith defense budgets being slashed around the world, the collapse of the BAE's $45B merger with EADS will put the focus on possible deals between tier-two firms such as Rockwell Collins (COL), L-3 Communications (LLL), SAIC (SAI) and Harris (HRS), industry execs and bankers tell Reuters. Much could depend on whether Congress averts the automatic defense cuts that are due from Jan 1. | 5 Comments
Sep. 16, 2012, 4:27 AMBoeing (BA), Northrop Grumman (NOC) and other major U.S. aerospace and defense companies are weighing their responses to EADS's proposed merger with BAE Systems, the WSJ reports. Options include opposing the tie-up or trying to forge their own deals, although companies are unlikely to make immediate moves. | 1 Comment
Sep. 13, 2012, 10:18 AMEADS's merger talks with BAE come as defense budgets are being slashed, and executives and U.S. government officials expect further consolidation in the industry, particularly among smaller and medium-sized players. It might even involve the bigger players: the WSJ speculates that Boeing (BA) could rekindle talks with BAE or carry out a long-rumored tie-up with Northrop Grumman (NOC). | Comment!
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