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Northrop Grumman Announces Offsetting Settlements With DoJ

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Northrop Grumman [NOC] on Thursday evening announced two legal settlements with the Department of Justice (DoJ), one that requires the company to make a $325 million payment and the other to receive $325 million, resulting in a wash. However, the company expects to record a net gain in the second quarter related to the settlement requiring it to pay $325 million related to DoJ claims that the former TRW, Inc., which was later acquired by Northrop Grumman, sold a government…

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