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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
03/30/201514:30:00Northrop Grumman Expands Focus on Airborne and Space ISR Business
03/30/201509:15:00Northrop Grumman to Showcase Defense Capabilities at AUSA Global...
03/26/201510:00:00Northrop Grumman Delivers Center/Aft 'Shipset' for First International...
03/25/201513:11:56Initial Statement of Beneficial Ownership (3)
03/25/201508:27:32Northrop to supply missile protection to Canadian Air Force
03/25/201508:00:00Northrop Grumman Selected to Provide Latest Generation Directional...
03/24/201511:00:00Northrop Grumman Partners with Center Centre to Develop User...
03/24/201509:26:40CPI Aero to provide parts for Northrop's laser mine program
03/24/201509:00:00Northrop Grumman Engineers Honored by The Engineers' Council
03/24/201505:52:54Mobileye Is Too Speculative - Cramer's Lightning Round (3/23/15)
03/23/201513:00:00Northrop Grumman Successfully Completes Qualification of a Radiation...
03/23/201511:30:00Northrop Grumman Discusses its Economic Impact at California...
03/23/201510:00:00Northrop Grumman to Showcase Tomorrow's Solutions for Today's...
03/22/201511:13:02A-10 Warthog Is Out, F-15 and F-16 Are In, Says the Air Force
03/20/201511:00:00Northrop Grumman Names Alan Lytle Vice President, Undersea Systems
03/20/201509:00:00US Air Force Sustainment Center and Northrop Grumman Enter Into...
03/20/201506:03:37Current Report Filing (8-k)
03/19/201517:00:00Northrop Grumman Elects Marianne Brown to its Board of Directors
03/19/201516:01:00Northrop Grumman Wins Recompete to Protect DISA-Managed Networks...
03/19/201507:18:26March Madness: Final 4 Investing Bracket 2015

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