Deals
Northrop Sells IT Services Unit to Veritas for $3.4 Billion
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Northrop Grumman Corp. agreed to sell a technology-services business to Veritas Capital for $3.4 billion as part of the contractor’s effort to sharpen its focus on defense-related products.
The cash deal is expected to close in the first half of 2021, Northrop and Veritas said Monday. The business, with information-technology offerings that include cybersecurity and engineering services, is expected to generate sales of about $2.3 billion this year.