Northrop to complete TRW merger next month
Posted: Wed, Nov 27, 2002, 7:48 PM ET (0048 GMT)
Northrop Grumman announced Wednesday that the company plans to complete its merger with fellow aerospace and defense company TRW next month after winning provisional approval from the US Justice Department. Northrop said in a statement that it will complete the TRW merger in shareholder votes scheduled for December 11. Late Tuesday the Justice Department sent Northrop a draft version of a consent decree that would clear the way for the merger; a final version of the decree is expected to be completed before the December 11 vote and sent to federal court for final approval. Terms of the consent decree were not disclosed, but the agreement apparently does not require the merged company to divest any divisions, including a unit that develops sensors used on satellites built by other companies.
Northrop Grumman announced Wednesday that the company plans to complete its merger with fellow aerospace and defense company TRW next month after winning provisional approval from the US Justice Department. Northrop said in a statement that it will complete the TRW merger in shareholder votes scheduled for December 11. Late Tuesday the Justice Department sent Northrop a draft version of a consent decree that would clear the way for the merger; a final version of the decree is expected to be completed before the December 11 vote and sent to federal court for final approval. Terms of the consent decree were not disclosed, but the agreement apparently does not require the merged company to divest any divisions, including a unit that develops sensors used on satellites built by other companies.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
SpaceX performs two Falcon 9 launches less than an hour apart
Posted: Sun, Aug 16 10:57 AM ET (1457 GMT) Virgin Galactic delays resumption of commercial flights to 2027
Posted: Sun, Aug 16 10:54 AM ET (1454 GMT) |
|
news links
|
|
Monday, August 17
Ukrainian Flamingo Missiles Reportedly Hit Russia’s Progress Space-Rocket Centre in Samara
EU Today — 4:53 am ET (0853 GMT) Flamingo may have hit Russia's space program at its weakest link
RBC — 4:52 am ET (0852 GMT) MDA Space Satellites for Globalstar Successfully Launched
MDA — 4:51 am ET (0851 GMT) Rocket Lab Satellite Platforms Built for MDA Space Successfully Reach Orbit, Supporting Globalstar Direct-to-Device Communications Services
Rocket Lab — 4:50 am ET (0850 GMT) WA names Space Angel as recipient of spaceport establishment grant
Space and Defense — 4:44 am ET (0844 GMT) |
