Northrop Grumman to Sell TASC to KKR
The Wall Street Journal is reporting that Northrop Grumman is selling its TASC unit to General Atlantic and Kohlberg Kravis Roberts & Co., of leveraged buyout fame. Northrop has a huge geospatial group as did TASC, which excelled in remote sensing and image processing, at the time of the original acquisition. According to the Journal, separating the two units would avoid potential conflicts of interest for military contracts whereby Northrop had been both an advisor and a contractor for services.
by Joe Francica on 11/09 at 12:52 AM |
Comments |
