Northrop buys Aerojet-General’s EIS group

Northrop Grumman has completed the acquisition of the Electronics and Information Systems Group of Aerojet-General Corporation for $315 million.

Northrop Grumman Corporation announced yesterday that it has completed the acquisition of the Electronics and Information Systems (EIS) Group of Aerojet-General Corporation for $315 million in cash after securing necessary regulatory approvals.

The EIS business unit provides space-borne sensing for early warning systems, weather and ground systems that process C41SR data from space-based platforms, and smart weapons technology for high-priority US government national security programs.

The EIS unit had revenues in 2000 of $323 million and is now part of Northrop Grumman’s Electronic Systems sector’s newly formed Space Systems Division, which has approximately 1,600 employees and more than $400 million in annual revenues.

The new division is said to include several ongoing space-based programs such as Space-Based Infrared Systems (SBIRS) High and SBIRS Low Defence Support Program, the Defence Meteorological Satellite Program and the National Polar Orbiting Operational Environment Satellite System.

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