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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
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04/16/201513:00:00Northrop Grumman and bwtech@UMBC Graduate Fifth Cyber Startup...
04/16/201510:00:00Northrop Grumman Names Nicholas G. Paraskevopoulos Vice President...
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04/15/201510:30:00Northrop Grumman Enables Assured Warfighter Communications by...
04/14/201515:00:00Northrop Grumman's Astro Aerospace Delivers James Webb Space...
04/14/201514:00:00Invitation to Northrop Grumman's First Quarter 2015 Financial...
04/14/201509:00:00UMBC Partnership with Northrop Grumman Expands to Include Health...
04/14/201505:44:16Be Careful Of The Sand Fracking Business - Cramer's Lightning...
04/14/201503:30:00Northrop Grumman Expands Presence in United Kingdom with Opening...
04/14/201503:30:00Northrop Grumman Expands Presence in United Kingdom with Opening...
04/13/201510:00:00Northrop Grumman Names Eric Reinke Chief Technology Officer of...
04/10/201512:00:00Northrop Grumman to Feature Leading Military and Civil Space...
04/10/201510:00:00Missile Defense Agency Selects Northrop Grumman for Mentor-Protege...
04/09/201514:00:00Northrop Grumman to Showcase Naval Innovation at Navy League's...
04/08/201514:51:40Additional Proxy Soliciting Materials (definitive) (defa14a)
04/07/201513:00:00Northrop Grumman Appoints Christina Williams Vice President...
04/06/201516:57:29Proxy Statement (definitive) (def 14a)
04/06/201513:00:00Northrop Grumman Announces Webcast, Conference Call of First...
04/02/201516:30:39Statement of Changes in Beneficial Ownership (4)

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