Deal Details
Northrop Grumman has agreed to divest its mission training and satellite ground network communications software business to Serco Inc.
Summary
Northrop Grumman (NYSE: NOC) has agreed to divest its mission training and satellite ground network communications software business to Serco Inc. (“Serco”). The transaction is subject to various regulatory approvals and customary closing conditions.
Baird served as exclusive financial advisor to Northrop Grumman on this transaction.
About
Northrop Grumman’s mission training and satellite ground network communications software business is based in Orlando, Florida, and provides advanced mission training services, and software that makes satellite ground networks more efficient to the U.S. military. With expertise in training services and software engineering, and a track record of innovation, it supports programs across the U.S. Army, Space Force, Air Force, Navy, Combatant Commands, and international partners.Northrop Grumman is a leading global aerospace and defense technology company. Northrop Grumman’s pioneering solutions equip its customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve its customers’ toughest problems, its employees define possible every day. Northrop Grumman is headquartered in Falls Church, Virginia.
Serco brings together the right people, the right technology and the right partners to create innovative solutions that make a positive impact and address some of the most urgent and complex challenges facing the modern world. With a primary focus on serving governments globally, Serco’s services are powered by more than 50,000 people working across defence, space, migration, justice, healthcare, mobility and customer services. Serco’s core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset & facilities management. Underpinned by Serco’s unique operating model, Serco drives innovation and supports customers from service discovery through to delivery.
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- Date
- January 2025
- Company
- Northrop Grumman Systems Corporation
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Defense & Government
- Target Geography
- North America
- Acquiror Geography
-
North America
Europe
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