TRW, Northrop sign agreement

TRW Inc. and Northrop Grumman Corp. have signed a confidentiality agreement that will give Northrop Grumman access to non-public financial information from TRW.

Northrop Grumman of Los Angeles and TRW of Cleveland have publicly battled since February when Northrop Grumman made an offer to purchase TRW. TRW has insisted that Northrop's offer of $53 per share, plus assumption of the company's $5.5 billion debt load, is too low.

Northrop Grumman has accused TRW of trying to impose onerous restrictions on the sharing of information, and using Ohio's financial laws to block the interests of its own shareholders.

TRW termed the signing of the confidentiality agreement a "part of its review of strategic alternatives," noting that it has signed similar agreements with other interested companies.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.