Northrop Offers Look Inside Transition
Northrop Grumman Corp. officials offered a glimpse May 23 of some of the changes the company is going through as it absorbs Litton Industries Inc.
Northrop Grumman Corp. officials offered a glimpse May 23 of some of the changes the company is going through as it absorbs Litton Industries Inc.
The acquisition of Litton, based in Woodland Hills, Calif., by Northrop Grumman, based in Los Angeles, effectively doubled the company's size, according to Larry Hamilton, head of corporate communications in the company's Washington office.
The purchase boosted revenue to $15 billion and increased its work force to about 80,000 people, he said.
The company now will have five units: Electronic Sensors and Systems; Logicon; Integrated Systems; Ship Systems; and Electronic Components and Materials. Ship Systems is a completely new sector, Hamilton said, and includes Litton's Avondale and Ingalls shipbuilding divisions.
www.northgrum.com
Business: Shipbuilding, electronics, systems integration, IT and defense
Based: Los Angeles
Chairman and CEO: Kent Kresa
Employees: 80,000
Expected 2001 Revenue: $15 billion
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