Northrop Grumman to sell unit for $1.65 bln-source

Sun Nov 8, 2009 8:54pm GMT
 
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NEW YORK, Nov 8 (Reuters) - Defense contractor Northrop Grumman (NOC.N) agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co, for $1.65 billion, a person close to the deal told Reuters on Sunday.

The deal is expected to be announced later on Sunday. (Reporting by Megan Davies; Writing by Joseph Giannone; Editing by Maureen Bavdek)

 

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