» Large Maryland employer and Newport News reach $2.1B merger agreement

Large Maryland employer and Newport News reach $2.1B merger agreement

Posted: 1:00 am Thu, November 8, 2001
By admin

Newport News Shipbuilding Inc. has agreed to a $2.1 billion takeover by Northrop Grumman Corp., the companies announced yesterday.Northrop Grumman — which is based in Los Angeles but maintains its largest operation in Maryland’s Linthicum area — also will assume $500 million of Newport News debt.The announcement came a day after Newport News’ board met ...

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