Northrop, TRW complete merger
Posted: Fri, Dec 13, 2002, 7:30 AM ET (1230 GMT)
Northrop Grumman completed its merger with TRW with shareholder votes by the two companies on Wednesday. Both companies held special shareholder meetings to vote on the final merger plan, one day after Northrop won a consent decree from the Justice Department that cleared the final regulatory hurdle. More than 90 percent of Northrop shareholders voted for the merger; the tally from the TRW vote was not announced. Northrop officials said after the votes that the merger would close "promptly". TRW's Space and Electronics division will be renamed Northrop Grumman Space Technology, while TRW's Systems division will be renamed Northrop Grumman Mission Systems. The merged company will join Lockheed Martin and Boeing as the nation's largest defense contractors, with a particular strength in military spacecraft systems.
Northrop Grumman completed its merger with TRW with shareholder votes by the two companies on Wednesday. Both companies held special shareholder meetings to vote on the final merger plan, one day after Northrop won a consent decree from the Justice Department that cleared the final regulatory hurdle. More than 90 percent of Northrop shareholders voted for the merger; the tally from the TRW vote was not announced. Northrop officials said after the votes that the merger would close "promptly". TRW's Space and Electronics division will be renamed Northrop Grumman Space Technology, while TRW's Systems division will be renamed Northrop Grumman Mission Systems. The merged company will join Lockheed Martin and Boeing as the nation's largest defense contractors, with a particular strength in military spacecraft systems.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Thursday, January 15
ESA hosts China's space leaders
ESA — 5:02 am ET (1002 GMT) Starlink reportedly made free in Iran - but protesters are taking huge risks by using it
BBC — 5:02 am ET (1002 GMT) Volunteer firefighters, councils paying for Starlink connections as poor mobile reception continues across WA
Australian Broadcasting Corporation — 4:59 am ET (0959 GMT) How Iran jammed Starlink (and how Iranians are trying to get around it)
France 24 — 4:59 am ET (0959 GMT) France explores sending Eutelsat terminals to Iran amid internet blackout
Reuters — 4:57 am ET (0957 GMT) |
