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Business/Financial

Northrop Grumman Sees No Impact To GBSD Acquisition Strategy Despite FTC Review

By Cal Biesecker

Thursday, October 24th, 2019

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Northrop Grumman Sees No Impact To GBSD Acquisition Strategy Despite FTC Review

Minuteman III missile

A review initiated this month by anti-trust regulators into Northrop Grumman’s [NOC] compliance with terms of the government’s approval last year allowing the company to acquire Orbital ATK isn’t expected to impact the Air Force’s acquisition plans for a new strategic nuclear missile system, the company’s top executive said on Thursday. Northrop Grumman in its third quarter earnings filing with the government disclosed that the Federal Trade Commission is conducting a civil investigative inquiry “requesting certain information relating to a…

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