3 Merger and Acquisitions Stock Stories Ready for a Thursday Appraisal
Northrop Grumman Corp. (NYSE:NOC): Current price $93.28
Northrop will acquire the defense division of Australian flag carrier Qantas Airways, Qantas Defence Services, as the United States military contractor endeavors to expand its international presence. Contractors are being forced to search out new sources for revenue because of shrinking military budgets worldwide, including the current sequestration-related cuts in the United States. In 2012, Northrop Grumman obtained some 10 percent of its revenue from overseas military customers, which was smaller than that of its main domestic competitors. Financials of the transactions were not reported.
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