Northrop

Published 13 November 2006

Los Angeles, California-based Northrop Grumman announced last week it had acquired Columbia, Maryland-based Essex, a provider of signal processing services, for $580 million in cash. Northrop will pay $24 for each common share and assume Essex’s debt. Essex recently earned well-deserved attention for a $160 million renewal of its Thunder signal processing contract for the intelligence community.

-read more in this company news release