Northrop bids for TRW
- By Christopher Dorobek (Moderator)
- Feb 22, 2002
Northrop Grumman Corp. has filed a $5.9 billion unsolicited bid to buy TRW Inc., a move that would merge two giant defense contractors.
"We believe the strategic combination of Northrop Grumman and TRW will provide tremendous value to the shareholders of both companies," said Kent Kresa, Northrop Grumman's chairman and chief executive officer. "Northrop Grumman's electronics and systems integration capabilities, combined with TRW's space and systems expertise, would create a strong contributor to the nation's satellite and missile defense requirements."
The combination would strengthen Northrop Grumman's long-term strategy by improving its space business, adding communications technology and capabilities, and enhancing its information technology business, he said in a statement.
TRW, in a statement, said its board would review Northrop's proposal.
The offer, however, comes just days after the unexpected announcement that TRW CEO David Cote had resigned to join Honeywell International Inc.
Northrop is one of the biggest government information technology integrators following a number of acquisitions, including its purchase of Grumman Logicon Inc., Comptek Research Inc., Federal Data Corp., Sterling Software Inc.'s federal group and Litton Industries Inc.
Christopher J. Dorobek is the co-anchor of Federal News Radio’s afternoon drive program, The Daily Debrief with Chris Dorobek and Amy Morris, and the founder, publisher and editor of the DorobekInsider.com, a leading blog for the Federal IT community.
Dorobek joined Federal News Radio in 2008 with 16 years of experience covering government issues with an emphasis on government information technology. Prior to joining Federal News Radio, Dorobek was editor-in-chief of Federal Computer Week, the leading news magazine for government IT decision-makers and the flagship of the 1105 Government Information Group portfolio of publications. As editor-in-chief, Dorobek served as a member of the senior leadership team at 1105 Government Information Group, providing daily editorial direction and management for FCW magazine, FCW.com, Government Health IT and its other editorial products.
Dorobek joined FCW in 2001 as a senior reporter and assumed increasing responsibilities, becoming managing editor and executive editor before being named editor-in-chief in 2006. Prior to joining FCW, Dorobek was a technology reporter at PlanetGov.com, one of the first online community centers for current and former government employees. He also spent five years at Government Computer News, another leading industry publication, covering a variety of federal IT-related issues.
Dorobek is a frequent speaker on issues involving the government IT industry, and has appeared as a frequent contributor to NewsChannel 8’s Federal News Today program. He began his career as a reporter at the Foster’s Daily Democrat, a daily newspaper in Dover, N.H. He is a graduate of the University of Southern California. He lives in Washington, DC.