Defense M&A » By The Online Investor Staff, updated Wed., Apr. 17, 11:46 PM
Recent mergers and acquisitions in the Defense M&A category.
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Slide #5. Northrop Grumman Australia — Qantas Defence Services
Acquirer:
Northrop Grumman Australia (NYSE:NOC)
Acquiree:
Qantas Defence Services
Details:
Northrop Grumman Australia Pty Limited, a subsidiary of Northrop Grumman Corporation (NYSE: NOC), announced that it has completed the acquisition of Qantas Defence Services Pty Limited, now called Northrop Grumman Integrated Defence Services Pty Limited (IDS), a provider of integrated logistics, sustainment and modernization support primarily to Australian Government and military customers. IDS operates as a part of Northrop Grumman Australia and is strategically aligned with the Integrated Logistics and Modernization division of Northrop Grumman Technical Services. The acquisition is not material to Northrop Grumman's 2014 financial outlook.
Northrop Grumman Corporation is a leading global security company providing innovative systems, products and solutions in aerospace, electronics, information systems, and technical services to government and commercial customers worldwide. The company's core competencies are aligned with the current and future needs of their customers and address emerging global security challenges in key areas, such as unmanned systems, cybersecurity, C4ISR, and logistics that are critical to the defense of the United States and its allies.
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Avg. Broker Rec.
 
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Hold (2.47 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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