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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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06/22/201617:00:00Northrop Grumman's 2015 Corporate Responsibility Report Features...
06/22/201609:50:00BAE Systems Spies Growth in Space Defense
06/17/201608:45:00Industrial Goods Sector Equities Under the Scanner -- Textron...
06/15/201613:00:00Northrop Grumman Names 24 Maryland Winners in 14th Annual Engineering...
06/14/201613:12:27Annual Report of Employee Stock Plans (11-k)
06/14/201613:08:57Annual Report of Employee Stock Plans (11-k)
06/13/201614:30:00Last Call for Submissions for the Northrop Grumman Foundation's...
06/13/201612:30:00Northrop Grumman's Timothy Martin Recognized with NASA's Robert...
06/13/201610:00:00Northrop Grumman, Ultra Electronics Collaborating on Maritime...
06/10/201610:10:00Boeing's Defense Chief Looks Beyond Fighters
06/09/201615:53:38Statement of Changes in Beneficial Ownership (4)
06/08/201611:00:00Northrop Grumman to Participate in Citi's 2016 Industrials Conference
06/08/201609:00:00NEC, Northrop Grumman Cooperate in Cybersecurity
06/07/201616:52:43Statement of Changes in Beneficial Ownership (4)
06/07/201609:00:00Northrop Grumman, US Navy Complete Critical Design Review for...
06/06/201611:13:46Outdoor Learning Inspires Teachers and Students to Use Science...
06/02/201617:36:27Statement of Changes in Beneficial Ownership (4)
06/02/201616:01:00Correction on Northrop Grumman Headlines From April 27
06/02/201612:24:05Navigationssystem von Northrop Grumman wird für Spezialeinsatz-Flugzeuge...

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