About the Company
An American global aerospace and defence technology company, Northrop Grumman Corporation was first established in 1994. The company came into existence after Northrop Aircraft acquired Grumman Aerospace that built the Apollo Lunar Module. They went on to create Northrop Grumman at an estimated price of $2.1 billion. The company then purchased 51% of the remaining interest in Vought Aircraft Company. This purchase was completed in August 1994 for $130 million, for acquiring full control of the company. In 1996, Northrop Grumman acquired the entire defence and electronic system based businesses including Westinghouse Electronic System, Westinghouse Electric Corporation and a major manufacturer of radar systems for $2.9 billion.
In June 2018, the company acquired Orbital ATK, and it was completely absorbed as a new business sector, namely the Northrop Grumman Innovation System. This acquisition helped the company to be more involved with the space industry. In 2007, the company acquired Scaled Composite, in which the company previously owned a stake of 40%. The Northrop Grumman Corporation acquired a series of companies, which include the Grumman Aerospace, TRW Inc., and Westinghouse. In 1997, the company acquired Logicon, who had merged with Geodynamics Corporation in 1996. Inter-National Research Institute Inc. was acquired by the company in 1998. The following year, this company purchased Teledyne Ryan, developers of the surveillance system and unmanned aircraft, Data Procurement Corporation and California Microwave Inc.
The company also acquired Navia Aviation AS, Comptek Research Inc., Sterling Software Inc., and Federal Data Corporation in 2000. Litton Industries was acquired by the firm in 2001, which is a shipbuilder and defence electronic system provider for the US Navy. The company made around 15 acquisitions within the period of 1994 to 2003. The company has around 62 offices across 11 countries; these include the United States, United Kingdom, Germany, Italy, Belgium, Netherlands, Australia, Japan, Saudi Arabia, Korea, and the United Arab Emirates.
Forbes ranked this company at 58 in its list of Just Companies 2020 and at 76 in its list of America’s Best Employers in 2019. The company also sealed the 86th position in Forbes’ list of America’s Largest Public Companies 2018. Northrop Grumman Corporation was also ranked at 107 in Forbes’ list of Best Employers for Veterans 2020. Northrop Grumman Corporation shares are traded in the New York Stock Exchange (NYSE) under the ticker symbol ‘NOC.’;
|Organisation||Northrop Grumman Corporation|
|Industry||Aerospace & Defense|
|HeadQuarters||Falls Church, VA|