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Business/Financial

Northrop Pays $325 Million To Settle TRW Whistleblower Case; Northrop Also Wins $325 Million Missile Cancellation Fee

DDN

Monday, April 6th, 2009

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Northrop Grumman Corp. [NOC] paid $325 million to settle a whistleblower case involving faulty military satellite parts involving TRW Inc. before Northrop bought that company in 2002, while at the same time Northrop settled an separate contract dispute by accepting a government payment of an equal $325 million. Those two legal actions, which were coordinated, provided a net financial wash for Northrop, one of the largest defense contractors. The first legal settlement involved actions of TRW, a company that Northrop…

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Army

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