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Business/Financial

Northrop Grumman Began Preparing For Possible Sale of TASC Last Year

DDN

Tuesday, November 10th, 2009

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By Calvin Biesecker Northrop Grumman [NOC] yesterday said that it began exploring options for its advisory services business more than a year ago based on what it thought its customers would require of contractors to avoid organizational conflicts of interest (OCI), preparations that concluded on Sunday with an agreement to sell TASC, Inc., for nearly $1.7 billion in cash. "Based on our knowledge of our customer's likely direction, we have been preparing for the possibility of a sale for over…

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