Aerospace and Defense

Northrop Sells TASC Unit For $1.65 Billion

The Street (Free subscription) | 5 hours ago

Northrop Grumman sells its TASC advisory services unit for $1.65 billion and expands its stock buyback program by $1.1 billion.

Strict secrecy regulations put spirit of collaboration to the test

Financial Times (Free subscription) | 2 hours ago

At regular intervals during the day, workers at BAE's major units assembly facility for the F-35 fighter jet pause to look at an odd procession. A gurney draped in a...

Sky's the limit for BAE as it looks to fighter jets for growth

Financial Times (Free subscription) | 2 hours ago

At the BAE Systems combat jet production complex at Samlesbury, Lancashire, engineers busy themselves beneath a banner in the main workshed. "F-35 Joint Strike...

Northrop to Sell Consulting Unit in $1.65 Billion L.B.O.

New York Times (Free subscription) | 6 hours ago

Northrop Grumman agreed on Sunday to sell its TASC government consulting unit to the private equity firms Kohlberg Kravis Roberts and General Atlantic for $1.65 billion in cash, in another sign that private equity firms are back to their core business of deal-making.

Investor Group to Partner with Management to Transition TASC Inc. into an Independent Company

PR News Wire (Free subscription) | yesterday

GREENWICH, Conn. and NEW YORK, Nov. 8 /PRNewswire/ -- An investor group led by General Atlantic LLC ("GA") and affiliates of Kohlberg Kravis Roberts & Co. ("KKR"), in partnership with the management team of TASC, Inc., ("TASC"), today announced a definitive agreement to acquire 100% of TASC from Northrop Grumman Corporation (NYSE: NOC) in a transaction valued at $1.65...

Northrop Grumman to Sell Its Advisory Services Division, TASC, Inc., for $1.65 Billion; Net Cash Proceeds to Fund Additional $1.1 Billion Share Repurchase

PR News Wire (Free subscription) | yesterday

LOS ANGELES, Nov. 8 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation (NYSE: NOC) has signed a definitive agreement to sell TASC, Inc., its advisory services business, for $1.65 billion in cash to an investor group led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. L.P. Completion of the transaction is subject to customary regulatory conditions including Hart-Scott-Rodino...

Northrop agrees TASC sale

Financial Times (Free subscription) | 5 hours ago

The deal for the advisory services division of the US defence contractor is the latest sign of life in leveraged buy-outs by private equity groups

Northrop to Sell Consulting Unit for $1.65 Billion

Law Blog - WSJ.com (Free subscription) | yesterday

Northrop Grumman has agreed to sell its TASC consulting unit to private-equity firms General Atlantic and Kohlberg Kravis Roberts for $1.65 billion, as the deals market heats back up.

Northrop to sell TASC consulting arm for $1.65 bln

Market Watch (Free subscription) | 5 hours ago

LOS ANGELES (MarketWatch) -- Northrop Grumman Corp. said Sunday it has signed an agreement to sell TASC Inc., its advisory-services business, for $1.65 billion in cash to an investor group led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. LP. The Los Angeles-based security and aerospace company said the deal, which it expects will close by year end, generate net after-tax...

Airbus owner, EADS aerospace group, to freeze R&T budget in 2010

The Independent (Free subscription) | yesterday

EADS, the aerospace group that owns Airbus and Eurocopter, looks set to freeze its research and technology budget in 2010.

Did Sen. Richard Burr Put Campaign Cash Above Victims Of Gang Rape?

Crooks and Liars (Free subscription) | 08/11/2009

From an email by ChangeCongress: We've got great news to report about our campaign shaming Sen. Richard Burr (R-NC) for taking $700,000 from the defense industry and Chamber of Commerce and then siding with them against rape victims and his constituents. Thousands of people have signed our national expression of outrage and told their friends to sign -- and the national and local media are reporting...

Pennsylvania Governor Rendell Says Flight 93 National Memorial Will Soon Be a Reality

PR News Wire (Free subscription) | 07/11/2009

Praises Dedication, Cooperation of Many During Groundbreaking Ceremony

Government agencies come to grips with wind turbine-caused clutter for U.S. radar systems

Military and Aerospace Electronics (Free subscription) | 07/11/2009

WASHINGTON, 8 Nov. 2008. Electricity-generating wind turbines are considered an essential part of reducing U.S. reliance on fossil fuels, yet these massive multi-bladed structures can cause big problems for the nation's radar systems that watch for enemy aircraft and threatening weather.

Ford carrier's keel to be laid Nov. 14

Naval Open Source INTelligence (Free subscription) | 07/11/2009

A week from today, the strongest gantry crane in the Western Hemisphere will lift into place an 81-foot by 96-foot hunk of steel, the first building block of the Gerald R. Ford aircraft carrier. In a keel-laying ceremony at Northrop Grumman Corp.'s Newport News shipyard the morning of Nov. 14, a gang of workers will hoist the 900-ton structure into Dry Dock 12 in front of a gaggle of top Navy officials...

Rape-publicans Must Stop Trying to Protect Their Defense Contractor Contributors!

democrats.com (Free subscription) | 07/11/2009

The other day I wrote about a friend who was raped by an organized crime figure and prevented from seeking justice, for fear of retaliation . With regard to the case, there are also serious questions about whether the criminal justice system turned a blind eye to this rapist, due to corruption within the DA's office. But what about when protection of powerful entities -- such as Corporations -- from...

Farnborough Air Show $1,000,000,000 Organised Crime - FBI SOCA Carroll Case

carrolltrust | 05/10/2009

TAG Aviation presently located at Farnborough Airport executed major fraudulent transactions “in concert” with BAE Systems both being the subject of major criminal allegations with the "named" international crime syndicate. Allegations of serious corruption obstruction racketeering complicity in Britain’s longest running largest organised criminal conspiracy and corruption case. HM Crown Ministry of

2010 Hurst Mustang Pace Car revealed

traimi | 25/09/2009

If you’re a fan of the Ford Racing Mustang Challenge, be sure to watch out for the limited-edition special car from Hurst Performance. The BF Goodrich/Hurst 2010 Mustang Pace Car is based on a 2010 Ford Mustang Convertible.

• Hurst Unveils Limited Edition BF Goodrich 2010 Mustang Pace Car - Motor Authority

Petition Against Six Denialist Corporations

highman | 22/08/2009

It has come to light that, contrary to their public statements of being good corporate citizens and champions of human rights, six American and British mega-corporations have been secretly lobbying the United States Congress not to recognize the Armenian Genocide. In the American system, it is customary for corporations to lobby Congress only on taxes and trade rules related to their specific businesses.