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Northrop to sell training services unit to Serco in $327M deal

Summary by Breaking Defense
The transaction is expected to close mid-year 2025, the companies said in a statement announcing the deal.

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Breaking DefenseBreaking Defense

Northrop to sell training services unit to Serco in $327M deal

The transaction is expected to close mid-year 2025, the companies said in a statement announcing the deal.

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DealbreakerDealbreaker

Northrop to Sell Training Services Unit to Serco in $327M DeaI

Northrop Grumman is selling off its training services business to Serco for $327 million, as the prime contractor restructures its defense systems division and focuses its business on innovation.The transaction is expected to close mid-year 2025, the companies said in a statement announcing the deal.“We continuously evaluate the portfolio to ensure that we are investing in the businesses that are core to achieving our strategic vision. This incl…

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webwire.comwebwire.com

Serco to Acquire Northrop Grumman’s Training Services Business

Northrop Grumman Corporation (NYSE: NOC) and Serco Inc., announced a definitive agreement for Serco Inc. to acquire Northrop Grumman's training services business for $327 million in cash. The transaction is expected to close mid-year 2025, subject to regulatory approvals and customary closing conditions. This divestiture reflects Northrop Grumman's strategy to focus on growing core businesses where technology and innovation are key differentiato…

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European Security & DefenceEuropean Security & Defence

Serco agrees to acquire Northrop Grumman’s MT&S business - European Security & Defence

Government service provider Serco Inc, a subsidiary of Serco Group, announced on 30 January 2025 that it has agreed to … mehr... The post Serco agrees to acquire Northrop Grumman’s MT&S business appeared first on European Security & Defence.

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defence-industry.eudefence-industry.eu

Serco to acquire Northrop Grumman’s mission training and satellite ground network business

MT&S provides advanced mission training services and software solutions that enhance the efficiency of satellite ground networks. It supports key US military programmes across the Army, Space Force, Air Force, Navy, Combatant Commands, and international partners. This acquisition will increase Serco’s North American revenue to over $2 billion, with projected annual profits exceeding $200 million. It will also expand Serco’s customer base and cre…

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Defense DailyDefense Daily

Serco Expanding U.S. Business With Acquisition Of Northrop Grumman’s Training And Software Unit - Defense Daily

Britain’s Serco Group on Thursday said it agreed to acquire Northrop Grumman’s [NOC] Mission Training and Satellite Ground Network Communications Software Business (MT&S) for $327 million, expanding its U.S. presence, […]

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GovCon Wire broke the news in on Thursday, January 30, 2025.
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