UPDATE 1-Northrop Grumman, U.S. gov't settle legal claims
*Northrop Grumman, U.S. settle two legal claims
*Value of claims offset one another
LOS ANGELES, April 2 (Reuters) - Northrop Grumman Corp (NOC.N) on Thursday reached an deal with the U.S. government over two legal matters whose settlement amounts offset each other, the parties said in separate statements.
The defense contractor agreed to pay $325 million to settle charges that it failed to properly test and qualify certain microelectronic parts for satellites that were made by its TRW unit from 1992 to 2002.
At the same time, the Department of Justice settled a lawsuit filed by Northrop over the government's decision to terminate a contract it had with the company to develop a tactical cruise missile for the Air Force. The $325 million settlement offset the amount Northrop was required to pay in the satellite claim, the company said.
(Reporting by Nichola Groom; editing by Carol Bishopric)
((nichola.groom@thomsonreuters.com; +1-213-955-6755; Reuters Messaging: nichola.groom.reuters.com@reuters.net)) Keywords: NORTHROPGRUMMAN/
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