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Northrop Grumman Reorganizes Several Business Sectors

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Northrop Grumman [NOC] yesterday said it was combining several of its business sectors to improve alignment with its customers and strengthen performance and cost competitiveness. "These actions are critical steps in shaping our future," Ron Sugar, Northrop Grumman's chairman and CEO, said in a statement. "Key to our success is the early anticipation of changes in our markets, and then the adjustment of our business structure to better position us to address our customers' needs and improve our competitiveness." The…

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