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MBDA Buys US Viper Strike Munitions Business

PARIS -(Dow Jones)- MBDA Inc., the U.S. unit of European missile maker MBDA, has bought the Viper Strike munitions business from Northrop Grumman Corp. (NOC) for an undisclosed amount, MBDA said Monday. The Viper Strike business, located in Huntsville, Alabama, will allow MBDA to design and build precision-guided weapons for both manned and unmanned aircraft in a single location, the company said in a statement The acquisition, the first in the U.S. by MBDA Inc., provides the company with its second design, development, and manufacturing location in the country. Its original operating unit is in Westlake Village, California. The transaction has already received the necessary U.S. regulatory approval, the company said. MBDA is jointly held by BAE Systems PLC (BA.LN) of the U.K. with 37.5%, Franco-German group European Aeronautic Defence & Space Co. EADS NV (EAD.FR) with 37.5% and Italy's Finmeccanica SpA (FNC.MI) with 25%. -By Nadya Masidlover, Dow Jones Newswires; +33 1 4017 1740; nadya.masidlover@dowjones.com

Stock News for Northrop Grumman (NOC)
DateTimeHeadline
08/25/201612:00:00Northrop Grumman Demonstrates New Maritime Domain Awareness Capabilities...
08/23/201616:00:00Northrop Grumman Receives DOD James S. Cogswell Award for Outstanding...
08/23/201613:00:00Northrop Grumman Completes G/ATOR Block II Preliminary and Critical...
08/22/201610:00:00Northrop Grumman Awarded Contract to Modernize Global Hawk's...
08/22/201608:00:00Northrop Grumman to Provide Navigation System for German Satellite
08/18/201614:43:24Statement of Changes in Beneficial Ownership (4)
08/17/201618:15:00Northrop Grumman Board Declares Quarterly Dividend
08/16/201614:00:00Northrop Grumman's Astro Aerospace Completes NISAR Reflector...
08/16/201612:55:09Statement of Changes in Beneficial Ownership (4)
08/16/201608:00:00Northrop Grumman Showcases Key Capabilities at the 19th Annual...
08/15/201610:00:00Northrop Grumman Awards Engineering Scholarships to Two Students...
08/10/201610:09:32High School Students' Engineering and Academic Achievements Highlighted...
08/09/201609:15:00Northrop Grumman Completes Selection of 2016 Research Projects...
08/08/201615:43:26Statement of Changes in Beneficial Ownership (4)
08/08/201614:00:00In LVC First, Northrop Grumman and US Air Force Link Fifth- and...
08/05/201609:39:33Statement of Changes in Beneficial Ownership (4)
08/04/201614:00:00Northrop Grumman Awarded Department of Veterans Affairs Contract...
08/03/201614:00:00Northrop Grumman and Embry-Riddle Aeronautical University Align...
08/03/201609:58:07Northrop Grumman Begins Work on Second Japanese E-2D Advanced...
08/02/201617:50:33Statement of Changes in Beneficial Ownership (4)

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