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Northrop Grumman Completes Sale of Services Business

DDN

Monday, December 21st, 2009

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Northrop Grumman [NOC] has completed the $1.7 billion sale of its former advisory services business, TASC, Inc., to an investor group led by General Atlantic LLC and Kohlberg Kravis Roberts & Co. Northrop Grumman announced the sale of TASC last month to avoid organizational conflicts of interest with work the business does helping its government customers that also contract work out to other Northrop Grumman businesses. The company said in November that it would use the $1.1 billion in after-tax…

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