After rough courtship, Northrop Grumman agrees to buy TRW for $7.8 billion

After four months of sometimes contentious negotiations, Northrop Grumman Corp. agreed July 1 to purchase TRW Inc. for $7.8 billion, which would create the second largest U.S. defense contractor, with revenues approaching $27 billion. Under the deal, which is subject to U.S. and European regulatory...

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