Northrop Grumman Australia Pty Limited, a subsidiary of Northrop Grumman Corporation (NYSE:NOC), announced that it has completed the acquisition of Qantas Defence Services Pty Limited, now called Northrop Grumman Integrated Defence Services Pty Limited (IDS), a provider of integrated logistics, sustainment and modernization support primarily to Australian Government and military customers. IDS operates as a part of Northrop Grumman Australia and is strategically aligned with the Integrated Logistics and Modernization division of Northrop Grumman Technical Services. The acquisition is not material to Northrop Grumman's 2014 financial outlook.
"Northrop Grumman IDS enhances our in-country footprint and local capabilities, and demonstrates our commitment to the Australian and regional defence markets. We expect this to be an important platform for international growth in our key focus areas of unmanned, cyber, C4ISR, and logistics and modernization," said Ian Irving, Northrop Grumman chief executive for Australia.
Source: Northrop Grumman Corporation (NYSE:NOC)
Date: Feb 28, 2014