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Britain’s Serco Group on Thursday said it agreed to acquire Northrop Grumman’s [NOC] Mission Training and Satellite Ground Network Communications Software Business (MT&S) for $327 million, expanding its U.S. presence, and defense and space work. The MT&S business has nearly 1,000 employees and generates about $300 million in annual sales. The transaction is expected to close in mid-2025 and the business will become part of Serco, Inc., which is based in Northern Virginia. Serco, Inc.’s, current sales are $1.7 billion…
