Northrop May Sell Tasc Unit for Up to $2 Billion

Northrop Grumman Corp., the third-largest U.S. defense company, is selling a unit that advises military and intelligence agencies and may fetch $1 billion to $2 billion, said four people familiar with the matter.

Northrop hired Goldman Sachs Group Inc. and Credit Suisse Group AG to solicit bids for the division, known as Tasc, said the people, who spoke on condition of anonymity. Among potential buyers are private-equity firms including Carlyle Group, Kohlberg Kravis Roberts & Co. and Blackstone Group LP, the people said.