Northrop Grumman Australia Pty Limited, a subsidiary of Northrop Grumman Corporation (NYSE:NOC)
3rd Mar 2014
Northrop Grumman Australia Pty Limited, a subsidiary of Northrop Grumman Corporation (NYSE:NOC), announced that it has completed the acquisition of Qantas Defence Services Pty Limited, now called Northrop Grumman Integrated Defence Services Pty Limited (IDS), a provider of integrated logistics, sustainment and modernization support primarily to Australian Government and military customers. IDS operates as a part of Northrop Grumman Australia and is strategically aligned with the Integrated Logistics and Modernization division of Northrop Grumman Technical Services. The acquisition is not material to Northrop Grumman's 2014 financial outlook.
"Northrop Grumman IDS enhances our in-country footprint and local capabilities, and demonstrates our commitment to the Australian and regional defence markets. We expect this to be an important platform for international growth in our key focus areas of unmanned, cyber, C4ISR, and logistics and modernization," said Ian Irving, Northrop Grumman chief executive for Australia.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
Note: Statements in this press release, other than statements of historical fact, constitute "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "expect," "intend," "plan," "believe," "estimate," "guidance," "goal" and similar expressions generally identify these forward-looking statements. These forward-looking statements speak only as of the date when made, and the Company undertakes no obligation to update or revise any forward-looking statements after the date of this press release. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. Actual results may differ materially from those described or implied in these statements based on a number of factors, including global economic conditions, economic conditions in our industry, government fiscal and budget policies, changes in interest rates and other market conditions. A discussion of these risks and uncertainties is contained in the Company's 2013 Annual Report on Form 10-K and the company's other filings with the Securities and Exchange Commission.